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What Does the New Cap on Student Loans Mean for Future Doctors?
CALIFORNIA, UNITED STATES, JUL 15 – New federal loan limits cap medical student borrowing at $50,000 annually and $200,000 total, affecting 27.5% of graduates with debt above these thresholds, experts say.
- On July 1, 2026, new rules limit professional degree borrowing to set annual and lifetime caps under the One Big, Beautiful Bill. The law caps federal borrowing at $50,000 per year and $257,000 over a lifetime.
- With federal Grad PLUS gone, said Mark Kantrowitz, roughly 27.5% of medical students graduated with more debt than allowed, risking increased private loan reliance.
- Many new graduates will need $55,000 to $70,000 in private debt, according to Enterval Analytics, and private loan originations rose 8.63%.
- The Association of American Medical Colleges stated, 'will affect many prospective medical and other health professions students and worsen the nation's persistent doctor shortage,' while reliance on private loans will make it even harder for low-income students to become doctors, said Heather Harper.
- Projections indicate, by 2036, the Association projects a national shortage of 86,000 physicians and highlights the potential impact on the Public Service Loan Forgiveness program.
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Koco News5+14 Reposted by 14 other sources
What does the new cap on student loans mean for future doctors?
The 900-page bill eliminates a 2006 program called Grad PLUS, which allowed students to borrow money up to the full cost of attendance.
·Oklahoma City, United States
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Total News Sources39
Leaning Left3Leaning Right1Center21Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
12%
C 84%
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