cap on federal student loans

[askadds]

Administration is planning on capping the loans on grad loans...this will have a huge effect on how you will borrow, the rate on the loans etc etc because it will have to be more private. The number being thrown around is 150k. This is great because it forces schools to come back down to reality regarding tuition and applauded by many professionals. Pay close attention to this stuff guys/gals!

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[Mr.Smile12]

I mean, yes I think this can be well received by many professionals, but it won't "force" schools to do anything with lowering costs. There may be some bad consequences though some of the worst will require accreditation. But if accreditation is going out the window too...

 

[JacquesVallee]

I mean, yes I think this can be well received by many professionals, but it won't "force" schools to do anything with lowering costs.

It will when almost every private dental school can't fill a class because very very few dental applicants would be able to cough up 400-600k. If schools can't be affordable, they shouldn't exist.

 

[askadds]

I mean, yes I think this can be well received by many professionals, but it won't "force" schools to do anything with lowering costs. There may be some bad consequences though some of the worst will require accreditation. But if accreditation is going out the window too...

If they don't, we expect students to go down the private route with parents involved borrowing 500k??? doubt it.

 

[Bigjt1420]

I don't know, maybe I'm cynical but in 2024 there were 6,700 first year dental students enrolled but 12,500 applications. There is a lot more demand than supply for dental school seats -- I wonder if private schools would just lower their standards and accept applicants who have mommy and daddy's money helping them out, rather than lower the tuition cost.

Something has to give though. The government needs to figure this out, it's terrible.

 

[Mr.Smile12]

I don't know, maybe I'm cynical but in 2024 there were 6,700 first year dental students enrolled but 12,500 applications. There is a lot more demand than supply for dental school seats -- I wonder if private schools would just lower their standards and accept applicants who have mommy and daddy's money helping them out, rather than lower the tuition cost.

Something has to give though. The government needs to figure this out, it's terrible.

It's happening now with additional dental school seats opening up... it hasn't pushed the costs of dental school down.

 

[Mr.Smile12]

Tax bill would cut availability of med school loans amid doctor shortage

Loans would become unavailable for new borrowers starting in the 2026-2027 school year.

www.axios.com

 

[JacquesVallee]

I wonder if private schools would just lower their standards and accept applicants who have mommy and daddy's money helping them out, rather than lower the tuition cost.

They of course would, but I genuinely don't believe there are enough applicants with parents willing or able to pay 400k+ to fill even half of the private schools.