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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMed Students Say Big, Beautiful Bill's Student Loan Cap Means They Won't Be Able to Finish School
Med Students Say Big, Beautiful Bill's Student Loan Cap Means They Won't Be Able to Finish School As Experts Predict Massive Doctor Shortage by 2037
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Medical students and pre-med hopefuls are raising alarm over one real-life implication of President Donald Trump's Big, Beautiful Bill: dramatic cuts to federal student loan programs that mean many prospective students can no longer afford to attend medical school.
Trump signed the sweeping "One Big, Beautiful Bill Act" on Friday, prompting outcry from students whose dreams of practicing medicine have been "squashed overnight."
Under the new law, students will see a lifetime cap of $200,000 on Federal Direct Unsubsidized Stafford Loans for professional schoolwell below the average cost of attending medical school. The bill also eliminates the Graduate PLUS loan program, previously a critical tool that allowed students to borrow enough to cover full tuition and living expenses.
The American Medical Association (AMA) argued against the legislation in a letter to the U.S. Senate, warning that caps placed on loan options for graduate and professional students will worsen an expected doctor shortage.
By 2037, the medical field is projected to short by at least 187,000 full-time physicians, according to data from the U.S. Health Resources & Services Administration.
SNIP---
"The cost of attending medical school was the number one reason why qualified applicants chose not to apply," the AMA wrote in its letter, noting that the median cost of graduating from a public in-state medical school is $286,454, and $390,848 at private universities. 71% of medical students graduate with more than $212,000 in debt.
https://www.latintimes.com/med-students-say-big-beautiful-bill-student-loan-cap-wont-finish-med-school-doctor-shortage-586231

erronis
(20,662 posts)Leave the US with just the remaining older practicing professionals that can't/won't leave.
And leave the US with witch-doctors, Jfkjr's, homeopathists, and morticians.
Irish_Dem
(72,509 posts)enough
(13,575 posts)tinrobot
(11,648 posts)These students could wind up being without a career and owing hundreds of thousands if they can't finish med school.
The bill could have at least phased the cap in over a few years. But, nope, the cruelty IS the point.
SickOfTheOnePct
(8,004 posts)Terms won't be as good, but it would be better than not finishing and still having loans to pay off.
harumph
(2,852 posts)No chicken? There's always squirrel - until that runs out.
Hekate
(98,594 posts)


