Healthcare Loan Limits Increased
AAMC released the following announcement:
Dept. of Education to increase health professions student loan limits
In response to an AAMC-led group letter sent last fall to Secretary of Education Margaret Spellings, the Department of Education has agreed to raise the combined aggregate Stafford loan limit for health professions students from $189,125 to $224,000. Secretary Spellings sent a letter to AAMC President and CEO Darrell G. Kirch, M.D., last month, in which she announced the increase in student loan limits and promised to provide additional information as soon as possible. This increase is entirely in unsubsidized Stafford loans and will allow medical students to borrow at a 6.8 percent interest rate.
For more information: http://www.aamc.org/advocacy/library/educ/corres/2008/022808hploanlimits.pdf
Linda Abraham
in Medical School Admissions, Financial Aid, Residency, Fellowship
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