title: Veterinary School Applicants: Financial Literacy and Behaviors.
abstract: Each year the Association of American Veterinary Medical Colleges (AAVMC) conducts a survey after the close of the Veterinary Medical College Application Service (VMCAS) application. The survey provides a glimpse into applicant behavior surrounding the veterinary school application process. Additional survey questions probe into applicant financial behaviors, use of financial products and services, and pet ownership. This article examines the 2013 survey data from applicants who successfully completed the application, with a focus on applicant financial literacy and behaviors. Data from the study revealed a disconnect between applicants' perception of their ability to deal with day-to-day finances and their actual financial behaviors, particularly for first-generation college student applicants and applicants who are racially/ethnically underrepresented in veterinary medicine (URVM). Many applicants were not able to accurately report the average veterinary school graduate's student debt level, which suggests the potential need for better education about the costs associated with attending veterinary school.
authors: McKensie M
authors: MM
authors: Carr
authors: Lisa M
authors: LM
authors: Greenhill
mesh_terms: D000293:Adolescent; D000328:Adult; D002321:Career Choice; D004520:Education, Veterinary / Q000191:economics*; D005006:Ethnicity; D005260:Female; D005376:Financial Management; D006801:Humans; D008297:Male; D010465:Perception; D012582:Schools, Veterinary; D013334:Students / Q000523:psychology*; D011795:Surveys and Questionnaires; D014481:United States; D055815:Young Adult
keywords: Financial literacy; applicant finances; applicants; financial education; pets; student debt