New Tax Bill Would Cut Availability of Medical School Loans

[WildWing]

Not sure people are tracking that Grad PLUS Loans could go away with the latest tax bill:

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

---

Members don't see this ad.

 

[yesIamSam]

This is pretty shocking. Reading the article, it seems that those matriculating and getting the loans for the 2025-2026 school year should be able to keep it until they graduate in 2029, correct?

This really makes it so that it is harder for med students to come from poorer families. Not all incoming students will have the luxury of getting favorable private student loans to pay for living expenses (credit situations might not be good, etc.), and even if they secure a loan, the interest rate might be horrible.

 

[yesIamSam]

Additionally, does anyone know if the "cap professional school federal loans at $150,000" part means that the bill caps federal loans *per year* at 150k, or for the whole four years?

My school is 40k a year tution. Will it go over the cap?