Medical students fret over the new student loan cap in the ‘big, beautiful bill’
A provision tucked inside a sweeping bill signed into law by President Donald Trump last week will make it harder for thousands of aspiring doctors to finance their education as the country faces a growing shortage in that profession. The move will cap the amount of federal loans students can borrow for graduate school to $20,500 a year — with a total limit of $100,000 — and cap loans for professional programs, such as medical, dental or law school, at $50,000 a year, with a total limit of $200,000. While those limits may sound like large amounts, medical school students graduate with an average of more than $264,000 in educational debt…
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by Shannon Pettypiece and Rebecca Shabad, NBC News.