Banfield Pet Hospital launches vet debt relief programNovember 9, 2017 Banfield Pet Hospital announced its new Banfield Veterinary Student Debt Relief Pilot Program, marking the latest development in the practice's commitment to supporting its associates' financial well-being, according to the company. The company is set to launch a new debt-relief program for its veterinarians next month. "High levels of veterinary student debt are plaguing the industry, and Banfield is committed to helping veterinarians address this significant burden," said Daniel Aja, DVM, senior vice president and chief medical officer for Banfield. "As we continue to dedicate ourselves to continuous improvement as a practice, we're investing in the new [program] to support our doctors first and foremost—but also set the bar for the veterinary profession to help address this industry-wide issue." The program for eligible doctors will include three main elements: A low-interest refinancing option with supplementary 0.25 percent interest-rate reduction from a third-party financial institution A monthly student-loan contribution of $150 paid by Banfield directly on qualifying student loans A one-time $2,500 payment for each qualifying Banfield student program in which the doctor participates prior to graduating Research shows veterinarians carry a staggering amount of student debt, averaging more than $167,000. "When I graduated from veterinary …
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