Doctors’ associations, medical schools and student advocates warn that a proposal in the Republican-led budget bill being considered by Congress restricts graduate federal student loans and could worsen a national shortage of doctors.
The new Republican proposal would limit federal student loans for “professional programs” – such as medical school – to $150,000, eliminate a federal graduate loan program and put limits on loan forgiveness.
Medical students rely heavily on federal student loans to finance lengthy and expensive educations, particularly since 2006, when Congress broadly lifted caps on borrowing limits to allow for the full cost of tuition and living expenses.
Fun fact:
The extreme shortage of medical specialists is a direct result of the US government cutting 1960’s federal funding that had been established to incentivize education in specialties.
The medical professionals who became specialists because of this funding are now dead or too old to practice, the government has seen this coming for decades, and nobody in congress really gave enough of a fuck to address it.