Banfield's $8M Investment to Help Veterinarians Pay Down Debt

Banfield Pet Hospital, part of Mars Veterinary Health, has announced a significant increase in its investment to support veterinarians' success, with up to $8 million allocated annually to help them thrive both professionally and financially. This expanded commitment includes a nearly doubled annual investment in student debt relief and a tripling of funding for continuing education, all aimed at fostering a more sustainable and supportive future for veterinary professionals.

Helping Veterinarians Tackle Student Debt

As part of this commitment, Banfield will increase its student debt relief program, offering full-time veterinarians up to $450 per month to apply directly to their student loans. This increase is part of Banfield's ongoing efforts to help ease the burden of education costs for the 4,000 veterinarians who have already benefited from the program since it began in 2018.

With the average veterinary student graduating with more than $185,000 in debt, this new investment will help Banfield veterinarians pay off their loans six to seven years faster. The company’s goal is to reduce financial stress for its associates so they can focus on providing high-quality care to their patients and continue growing in their careers.