US EditionChanges to Federal Student Loans Leave Aspiring Medical Students Scrambling to Cover Costs
UNITED STATES, JUL 27 – The policy narrows repayment plans and limits forbearance benefits for federal student loan borrowers starting in 2027, affecting many current and future borrowers, analysts say.
- Now, beginning July 1, 2026, most graduate students will be capped at $20,500 in federal loans per year, with a total limit of $100,000, as Congress rolls back previous benefits.
- Amid the reforms rollback, the measure eliminates protections for defrauded borrowers, economic hardship deferrals, and broad payment options, reversing President Joe Biden's initiatives.
- Starting July 1, 2026, graduate students face borrowing caps, and loans after July 1, 2027 require payments unless forbearance is approved, limited to nine months every two years.
- Over 86,000 physicians are expected to be short by 2036, while medical students face financial uncertainty, as four-year tuition often exceeds $300,000.
- Turner, associate professor at University of Chicago Harris School of Public Policy, says many students may turn to private student loans as protections for federal loans may diminish, supported by a 2012 CFPA study showing private lenders charge higher interest rates.
61 Articles
61 Articles
Los Angeles Times
Independent EspañolIn the midst of a federal reform of student loan plans in the United States, many borrowers have been left wondering what this means to their hopes that they will be forgiven.
The Columbian
Changes to federal student loans leave aspiring medical students scrambling to cover costs
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