Page 15 - 21 Fall Newsletter

News Items

CBD Veterinary Product Reminder Be on the lookout for communications about your
transfer. The DOE, Navient, and Maximus will notify you
The NCVMA office has recently received several inquiries when the transfer is complete and inform you of next steps.
about the sale of CBD products for use in animals. Many To make sure that you receive these messages, log into your
veterinarians are confused by some information that is very Navient account and check your contact information to
different from what we have relayed for several years, pretty verify it's correct.
much since CBD veterinary products were introduced. It is
important to note that the info also differs from what highly Ensure your loan information is transferred correctly. Once
your loans are transferred to the new servicers, make sure
regarded veterinary pharmacists have relayed (and continue your loan balance is accurate and that all special
to relay).
arrangements transferred automatically.
As you know, veterinarians in NC must comply with both After the transfer, address your payments to the new
federal and state laws when it comes to prescribing treatment servicer. Once your loans are transferred and you have
for their patients. Federally, the only CBD product that double‐checked that the loan information is accurate, you
veterinarians can legally prescribe is Epidolex in an off‐label will need to address your payments to the new servicing
fashion. All of the veterinary CBD "OTC supplements" are company. If you autopay your student loans, make sure you
illegal. For animals, drugs have to be approved by the FDA verify the correct banking information so you don't miss a
regardless of OTC or Rx status. Nutraceuticals can be sold payment.
without FDA approval as long as they do not contain drugs
("drug" as defined by FDA) and do not make therapeutic Be on the lookout for scammers looking to take advantage.
claims on the label. CBD is disqualified from nutraceutical Scammers often exploit potentially confusing financial
status because FDA has already declared CBD to be a drug (i.e. situations to steal your money. Never give out your personal
or financial information unless you're sure of the other party's
Epidolex).
validity. If you think you may be the victim of a scam, call the
It is important to note that the NCVMA is making no AG's office at 877‐5‐NO‐SCAM.
statement on CBD product efficacy, but we do want our
members to be aware of the law. The bottom line is
regardless of how one feels about CBD products, presently it
is not legal for veterinarians to sell them in NC.

Dr. Natalie Young has agreed to address any questions or
concerns members may have about veterinary use of CBD
products. She can be reached at
natalie@realoveterinarypharmacy.com

Student Loan Borrowers: Be Aware of
Potential Changes to Your Loan Servicer

Since the start of the COVID‐19 pandemic student loan
programs have been subject to many changes, including
multiple servicers transferring their loan portfolios to other
companies. Navient, one of the largest federal student loan
servicers, announced last month that it will transfer its
student loan portfolio to Maximus, another servicer affiliated
with the US Department of Education (DOE), pending DOE
approval.

Navient's decision to transfer its loans to a new servicer is
sure to cause some confusion. If you are one of the 6 million
people who has a federal student loan serviced through
Navient, here's what you should do to be prepared:

Save your loan information. Write down any information
from your Navient account relating to your payment history,
loan balances, and yearly statements.

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