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Financial Aid

Doctor of Veterinary Medicine (DVM)

 

Financial aid is available for students enrolled in the Virginia-Maryland College of Veterinary Medicine.  The DVM program is a 4-year program.  

In order to be considered a professional student for federal loan purposes, the student must have completed a bachelor’s degree or have completed the equivalent of three academic year of full-time study prior to entering the DVM program.   

To be considered for federal financial aid, students must electronically submit the Free Application for Federal Student Aid (FAFSA).  The school code for Virginia Tech and the DVM program is 003754.  

Financial Aid Eligibility

Federal Unsubsidized Loan - DVM students are eligible to borrow up to $40,500 per academic year (fall, spring, summer sessions)

Graduate PLUS Loan – the maximum amount you can receive in this loan is the difference between your cost of attendance (COA) and any other financial aid (loans, scholarships).  This loan requires a separate application and an approved credit check

• Scholarships are available through the DVM program.  Contact the Academic Affairs Office for more information. 

Health Profession Student Loan Program (HPSL)

• At Virginia Tech, only DVM students are eligible to receive the HPSL.  This loan currently has a 5% interest rate upon repayment, but does not accrue interest while the borrower is enrolled full-time.  The average loan award is $3000 - $5000.  

• After graduation, there is a 12 month grace period with no interest then the loan will go into repayment.  

• To be considered for this program, students must provide parent information on the FAFSA.  The parent information is only used to calculate eligibility for the HPSL program.  It is not used to calculate eligibility for any aid other types of aid.  

• Once the yearly HPSL allotment is received, University Scholarships and Financial Aid will determine which students are eligible for this program and offer the loan to them.  Students are usually notified in late summer or fall.  

FAFSA Filing

• Students in the DVM program are considered professional students and as such, are independent for financial aid purposes. 

• Even though DVM students are considered independent on the FAFSA, the Department of Health and Human Services requires parent information be listed on the FAFSA for each academic year to be considered for the Health Professions Student Loan (HPSL) program.  

Cost of Attendance

Veterinary Medicine students will receive a Cost of Attendance (COA) reflecting tuition, fees, housing/meals, and other allowances, including student health insurance as this is a program requirement.  A student's financial aid award cannot exceed the amount of the Cost of Attendance.

Please be aware that receipt of any additional financial aid (including scholarships through the DVM program or outside VT) may cause a reduction in student loan amounts.   

Questions concerning financial aid should be directed to the DVM Financial Aid Advisor, Stephanie Breeding, at gradaid@vt.edu or 540-231-5179.