• rss
  • facebook
  • twitter
  • linkedin

Advocacy Brief: Department of Education Increases Stafford Loan Limit

The Department of Education has issued a "Dear Colleague" letter announcing an increase in the combined aggregate Stafford loan limit for certain health professions students (including medical students) from $189,125 to $224,000, effective immediately. This increase is entirely in unsubsidized Stafford loans and will allow medical students to borrow at a 6.8 percent interest rate, avoiding higher rates available through GradPLUS and other private loan programs. The loan limit increase comes in response to a September 2007 sign-on letter sent to Secretary of Education Margaret Spellings by medical organizations including ACP.

Back to May 2008 Issue of IMpact

More Articles Like This

Students: Join ACP for Free

Benefits of Membership for Students: ACP's free Medical Student Membership includes benefits designed especially to meet students' needs.

Join Now: Sign-up today and begin enjoying the benefits of ACP Medical Student Membership.

Find a Residency

Search ACP's Internal Medicine Residency Database for information on all internal medicine residency programs in the U.S. and Canada. (ACP Members only)

More search options

Share this article

Bookmark and Share

Have questions about the new ABIM MOC Program?

Have questions about the new ABIM MOC Program?

ACP explains the ABIM requirements and offers many free solutions to earn MOC points.

One Click to Confidence - Free to members

One Click to Confidence - Free to members ACP Smart Medicine is a new, online clinical decision support tool specifically for internal medicine. Get rapid point-of-care access to evidence-based clinical recommendations and guidelines. Plus, users can easily earn CME credit. Learn more