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Bill to Offer Loan Repayment for Rural Veterinarians

by Priya Shah – Business Editor

Wisconsin​ Bill Aims ‍to Combat ⁢Rural Vet Shortage with Loan Repayment Program

MADISON, WI – A bipartisan bill under‌ consideration by the Wisconsin Assembly Committee on ‌colleges and Universities ⁣proposes a loan repayment program for newly graduated ⁤veterinarians who commit to practicing ​in underserved rural areas of the state. The program,modeled after existing loan forgiveness initiatives for medical⁢ professionals,could offer ‍up to $100,000 to eligible veterinarians.

The​ legislation comes ‍as concerns mount⁤ over a growing shortage of large animal ​veterinarians⁢ in rural Wisconsin. ⁢Testimony at⁣ a public hearing Thursday⁣ highlighted the financial pressures driving new‌ vets toward corporate clinics in ​urban‍ areas. Joie haines,a third-year veterinary student at the University of Wisconsin School of Veterinary Medicine and a board member of the Wisconsin⁣ Veterinary Medicine Association,told lawmakers ⁤that classmates are receiving sign-on bonuses of $30,000 to $40,000,leading them to​ question the financial ⁤viability of rural practice.”They’re like, ‘Why⁤ would you go to rural Wisconsin and be at a large animal ‌practice and make less than ⁢$100,000 (per year)?'” Haines stated.

dr. Al⁤ Martens of Waupun Veterinary Service,whose​ team serves nine counties in eastern Wisconsin,explained that many small,independent ‍veterinary practices have​ disappeared,leading to increased service areas and longer wait times for emergency care. He noted this can create both animal welfare concerns and economic hardship for farms.

The proposed ⁤program aims to alleviate the financial burden faced⁢ by ⁢new veterinarians. Haines estimates her veterinary⁣ school debt will reach $200,000 after factoring in interest on a $130,000 loan.”Even though I’m personally committed to serving in a rural area, it is ⁤indeed something in the back of my mind, figuring out how⁣ am I‌ going to‌ pay back this debt as I finish my schooling,” she told the committee.

While the bill has garnered support from both⁤ Republicans and Democrats, funding‍ remains a key hurdle.​ the legislation does not currently allocate funds for the program, which would ​need to be⁤ included in the next biennial‌ state ⁣budget. State Rep. Joel ⁢Kitchens,R-Sturgeon Bay,acknowledged the challenge but expressed ‌confidence that⁢ funding ⁤could⁣ be ⁢secured,regardless⁣ of who‌ holds⁤ the governorship. “I’m confident,if we ​pass this bill,that we’ll get the money into ‌the budget,no matter who the governor ​is,” Kitchens said.

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