Accepted Admissions Almanac

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Healthcare Loan Limits Increased

AAMC released the following announcement:

Dept. of Education to increase health professions student loan limits

In response to an AAMC-led group letter sent last fall to Secretary of Education Margaret Spellings, the Department of Education has agreed to raise the combined aggregate Stafford loan limit for health professions students from $189,125 to $224,000. Secretary Spellings sent a letter to AAMC President and CEO Darrell G. Kirch, M.D., last month, in which she announced the increase in student loan limits and promised to provide additional information as soon as possible. This increase is entirely in unsubsidized Stafford loans and will allow medical students to borrow at a 6.8 percent interest rate.

For more information: http://www.aamc.org/advocacy/library/educ/corres/2008/022808hploanlimits.pdf

AMSA Loan Consolidation Primer

The American Medical Student Association has developed a loan consolidation primer.  You can also the primer in PDF.