""The health care workforce is not a faucet that you can turn on and off. We're really concerned that this rule will discourage students from entering health care professions because they can't afford it.""
""Median tuition totals $298,000 at four-year public medical schools and more than $408,000 at private ones, per Association of American Medical Colleges data - far above the lifetime cap.""
""Students will have to turn to the private loan market to make up for that unmet need.""
""Private loans often carry more predatory terms and that the disproportionate exclusion of Pell recipients - historically people of color and lower-income students - is not a coincidence.""
The new tax bill caps federal loans for graduate degrees, significantly impacting health care professions. Median tuition for medical schools exceeds these caps, leading to financial challenges for students. The removal of the Grad PLUS loan program will force many to seek private loans, which are often inaccessible to a large portion of students, particularly Pell Grant recipients. This situation exacerbates existing inequalities in access to financial resources, potentially discouraging diverse candidates from entering the health care workforce.
Read at Axios
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