Advocacy Briefs: ACP Urges Stafford Loan Limit Increase
ACP joined a group of almost 60 health professions associations to urge U.S. Secretary of Education Margaret Spellings to increase the aggregate combined Stafford loan limit for health professions students from $189,125 to $223,793.
Students in programs leading to a degree in allopathic medicine, osteopathic medicine, dentistry, veterinary medicine, optometry, podiatric medicine, and naturopathic medicine are eligible for additional annual unsubsidized Stafford loans beyond that of a graduate/professional student. However, many students require more than this aggregate limit and are forced to seek less favorable options.
The letter points out that "the aggregate combined Stafford loan limit for health professions students has remained stagnant for over a decade, does not account for recent increases in annual unsubsidized Stafford loan limits or reflect programs of different duration, and is not defined in regulation."
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