2013/2014 Course Catalog - University of Missouri - College of ...

SCHOLARSHIPS, AWARDS AND AID PROGRAMSThe licensing examination for veterinariansis the North American Veterinary LicensingExamination Council on Education. A minimumpass rate of 80 percent is required to maintainfull accreditation. Since 2009, the pass rate ofUniversity of Missouri College of VeterinaryMedicine graduates has been 100 percent!• Borrow directly from the federalgovernment and have a singlecontact — the loan servicer — foreverything related to repayment• Have online access to their DirectLoan account information via theservicer’s website• Can choose from several repaymentplans that are designed to meet theneeds of almost any borrower, andallow borrowers to switch repaymentplans if their needs changeFor vet students there are four types offederal loans available:1. Federal Direct Unsubsidized LoanProgram — Direct UnsubsidizedLoans are loans for students that canhelp pay for vet school. The lenderis the U.S. Department of Education,though the entity borrowers dealwith, the loan servicer, can be a privatebusiness. The annual loan maximumfor veterinary students is $42,722 peracademic year and is based on the costof attendance. The interest rate is fixedat 6.8 percent. Repayment begins sixmonths after graduation.2. Direct PLUS Loans for ProfessionalStudents — Veterinary students canborrow a Direct PLUS Loan to helpcover education expenses. To qualifyfor the PLUS loan borrowers mustpass a credit check, so finances mustbe in order and credit files accurate.For a free copy of a credit report, visitwww.annualcreditreport.com. Theinterest rate is fixed at 7.9 percentand repayment begins six monthsafter graduation.3. Federal Perkins Loan Program— The Perkins loan is a subsidizedloan program available to veterinarystudents who have exceptionalfinancial need. Because funds arelimited, students who want to beconsidered for the Perkins loanmust file the FAFSA by March 1.No interest accrues while in schoolat least half-time and the interestrate is fixed at 5 percent. ThePerkins loan has a nine-month graceperiod before repayment begins.4. Federal Health Professions LoanProgram — The Health Professionsloan (HP) is a subsidized loan programavailable to veterinary students whohave exceptional financial need.Because funds are limited, studentswho want to be considered for the HPloan must file the FAFSA by March 1and must include parental financialinformation on the FAFSA. No interestaccrues while in school enrolled fulltimeand the interest rate is fixed at 5percent. The HP loan has a 12-monthgrace period before repayment begins.For more informationFinancial Aid Information:Caroles TaylorStudent Financial AidW229 Vet Med BuildingColumbia, MO 65211Phone: (573) 882-3981TaylorC@missouri.eduCaroles Taylor is available at theCollege of Veterinary Medicine everyMonday from 8 a.m. to 5 p.m.When not at the College, he can bereached at the main financial aid office:MU Office of Student Financial Aid11 Jesse HallColumbia, MO 65211Phone: (573) 882-7506or (800) 225-6075Toll-free in Missouri, Kansas or Illinois2013-2014 CVM COLLEGE CATALOG 27