The stage is set for the Economics of Education Summit that will bring together an expected 200 participants from around the country to tackle the issue of student debt and the many factors that affect the overall economic picture of young veterinary professionals. The summit, which is being organized by the AVMA, the Association of American Veterinary Medical Colleges and the Michigan State University College of Veterinary Medicine, will be held April 20-22 at Michigan State.
An Economics of Education Workshop was held earlier this month to get the ball rolling and the ideas flowing. The working group suggested that it’s critically important for veterinary stakeholders to collaborate on and commit to a goal that lowers the debt-to-income ratio for veterinarians. Participants, which included deans, associate deans, students, recent graduates, veterinary employers and representatives from federal government agencies, also suggested four strategic areas of focus that could help set priorities for tackling the issues: tuition reduction, value of the veterinary school graduate, debt reduction and practice economics.
The four suggested strategies are now being fine-tuned by smaller groups made up of workshop participants, and these strategies, along with a proposed goal, will be submitted to the summit attendees for their consideration and the development of action items. We’ll keep you posted as things develop.