AACOM presentation regarding financial aid and HR1 Big Beautiful Bill

[Mr.Smile12]

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Members do not see this ad.

AACOM will be hosting a financial aid webinar for prospective applicants on Thursday, November 6 at 7:00pm ET to address frequently asked questions about scholarships, loans, and repayment options as well as the implications of the Big Beautiful Bill.

• How will you pay for medical school?

• What is the Big Beautiful Bill and what does it mean for future medical students?

• Is there anything you can do to reduce the cost?

If these questions are top of mind for you, please join AACOM on Thursday, November 6 at 7:00pm ET for an informative webinar on how to finance your medical education. Presenters will discuss scholarship, loan, and repayment options available to support your journey to becoming a physician.

REGISTER HERE

 

[VoodooPreMed]

New to this site but searching for a forum where I can get the answer to this question: Is there any chance that some institutions will make changes to allow students starting in 2026 to be grandfathered into the prior loan rules? It seems like anyone starting from July 1st, 2026 will be subject to the new bill's rules, but I think I saw a mention of a school allowing an early start due to this new bill. I can't find it, and I'm just curious to see if anything like this is being considered for students matriculating in 2026.

 

[EEqualsRx2]

I believe ACOM is doing that. I'm sure a few more will follow suit, but only time will tell.

 

[Mr.Smile12]

I'm hoping this webinar can address your question for DO schools, but pending guidance from what's left of the Department of Education, we will find out after this month (or soon).

 

[AJ25]

I popped into the presentation just to see and that was real slick of AACOM to bring in Sallie Mae and give a garbage presentation on private loans that did not discuss anything about PSLF. More specifically that private loans do not qualify for PSLF.

And this is the problem we have with these companies trying to dupe students into financial decisions that can affect them for the rest of their lives.

Unbelievable.

 

[VoodooPreMed]

I popped into the presentation just to see and that was real slick of AACOM to bring in Sallie Mae and give a garbage presentation on private loans that did not discuss anything about PSLF. More specifically that private loans do not qualify for PSLF.

And this is the problem we have with these companies trying to dupe students into financial decisions that can affect them for the rest of their lives.

Unbelievable.

Honestly made me feel pretty terrible as far as my options for financing my education at this point. I guess we have to see what we can get out of the department of education after this shutdown is over but supposedly they're trying to gut that completely?! Information seems pretty limited at this point. I think the best thing, if it could be managed, is getting as many students grandfathered in as possible for this 2026 start year but who knows if they'll even do that.

 

[AJ25]

Honestly made me feel pretty terrible as far as my options for financing my education at this point. I guess we have to see what we can get out of the department of education after this shutdown is over but supposedly they're trying to gut that completely?! Information seems pretty limited at this point. I think the best thing, if it could be managed, is getting as many students grandfathered in as possible for this 2026 start year but who knows if they'll even do that.

Glad to hear you didn't fall for that garbage.

I've been having talks with my own program and they haven't said anything yet about incoming students for 2027 but it pisses me off when I see those private loan leaches sweep right in and try to take advantage of the situation.

The advice I want to give students is to just wait till more info. comes out. If the schools don't match tuition to the aggregate limits, maybe it's time to look at other careers. Those private student loans will interfere with your life going forward...even with doctor money.

 

[JunoJason]

New to this site but searching for a forum where I can get the answer to this question: Is there any chance that some institutions will make changes to allow students starting in 2026 to be grandfathered into the prior loan rules? It seems like anyone starting from July 1st, 2026 will be subject to the new bill's rules, but I think I saw a mention of a school allowing an early start due to this new bill. I can't find it, and I'm just curious to see if anything like this is being considered for students matriculating in 2026.

This is out of institutional hands, so unfortunately without funding from other sources to fill the gradPLUS gap, MS1s will need to access private loans above $50k/year. I suppose if a school were willing to help you secure a small loan before next academic year begins, this would be controversial but it's possible? If that happens for you please keep us in the know.

 

[JunoJason]

Glad to hear you didn't fall for that garbage.

I've been having talks with my own program and they haven't said anything yet about incoming students for 2027 but it pisses me off when I see those private loan leaches sweep right in and try to take advantage of the situation.

The advice I want to give students is to just wait till more info. comes out. If the schools don't match tuition to the aggregate limits, maybe it's time to look at other careers. Those private student loans will interfere with your life going forward...even with doctor money.

Best thing to do right now is make sure you've got a solid credit profile and/or a strong co-signer. There are few lenders that will offer loans, so that gives you some leverage. At the end of the day, doesn't matter who ends up lending to you... you can control how competitive rates and terms are by managing your credit now.

 

[JunoJason]

I popped into the presentation just to see and that was real slick of AACOM to bring in Sallie Mae and give a garbage presentation on private loans that did not discuss anything about PSLF. More specifically that private loans do not qualify for PSLF.

And this is the problem we have with these companies trying to dupe students into financial decisions that can affect them for the rest of their lives.

Unbelievable.

PSLF has been under pressure lately anyway... but if you have up to $257k in federal loans... and it's still around in 2030, you can still save $100k or more through it. Federal, state and local loan repayment programs are available too, and they will pay private loans. Check out the AAMC's list, or NHSC.

 

[AJ25]

PSLF has been under pressure lately anyway... but if you have up to $257k in federal loans... and it's still around in 2030, you can still save $100k or more through it. Federal, state and local loan repayment programs are available too, and they will pay private loans. Check out the AAMC's list, or NHSC.

Are you a vendor for loans lol? Why should anyone take your advice?

 

[JunoJason]

Are you a vendor for loans lol? Why should anyone take your advice?

 

[JunoJason]

Juno isn't a lender; we're a grassroots org that uses collective negotiation get to better rates and terms for our members. DO is a specific area of focus next year. Please check us out (joinjuno) and see our reviews and mission before coming to a conclusion. You'll soon see I'm only providing advice from an advocacy perspective and getting in front of any misinformation I see.

 

[AJ25]

Juno isn't a lender; we're a grassroots org that uses collective negotiation get to better rates and terms for our members. DO is a specific area of focus next year. Please check us out (joinjuno) and see our reviews and mission before coming to a conclusion. You'll soon see I'm only providing advice from an advocacy perspective and getting in front of any misinformation I see.

List the pros and cons of private student loans.