Current
Higher Education Act Reauthorization
On August 14, 2008, President Bush signed the "Higher Education
Opportunity Act" (P.L. 110-315), completing the first Higher Education
Act (HEA) reauthorization since 1998. In the interim, the "College
Cost Reduction and Access Act of 2007" (P.L. 110-84) and the "Deficit
Reduction Act of 2005" (P.L. 109-171) amended the Federal student
loan programs authorized by the HEA. More >>
Federal Student Loans
The Department of Education (ED) offers subsidized and unsubsidized
Stafford loans for graduate/professional students that have better
interest rates and loan terms than many private loans. Medical students
are also eligible for increased unsubsidized loan limits for health
professions students, Federal Perkins loans, and GradPLUS loans.
More >>
Student Loan Repayment
Effective July 1, 2009, medical students will no longer qualify
for a 3-year Economic Hardship Deferment under the "20/220 pathway."
However, at that time, all medical residents will be eligible for
Income-Based Repayment and the Public Service Loan Forgiveness program.
More >>
National Health Service Corps
Medical students and physicians are eligible for scholarships and
loan repayment under the National Health Service Corps (NHSC). The
President's FY 2009 budget proposes $121 million for the NHSC, a
$3 million (2.4 percent) decrease below FY 2008. More >>
Student Loan Tax Issues
Medical students may be eligible for tax benefits such as the Hope
and Lifetime Learning tax credits. Medical residents may qualify
up to $2,500 of student loan interest deduction. More >>
Financial Aid Regulation
The 2008 reauthorization of the Higher Education Act (HEA) provides
for oversight of the student lending and financial aid community.
More >>
Related Resources
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