VET MED Act
Rep. Schrader introduced the bipartisan Veterinary Education and Training Minimizes Educational Debt (VET MED) Act with Rep. Ted Yoho (R-FL). They are both veterinarians and co-chairs of the Veterinary Medicine Caucus.
The VET MED Act will allow veterinary students serving in their internship or residency programs to be eligible for interest-free deferment on their student loans during their residency. Veterinary student loan debt is a top issue for veterinarians and can create a financial barrier for them post-graduation and for decades afterwards. In 2016, the average education debt for vet school grads was $143,758 and more than 20% of grads had at least $200,000 in debt.