A new law signed by President Trump caps graduate and professional student loans, specifically limiting medical school loans to $200,000. Critics, including students aspiring to careers in healthcare, contend this will hinder access to medical education. Current medical students typically graduate with debts averaging $260,000, and attending private universities can increase this debt to around $300,000. Many fear the policy prioritizes wealthier individuals, creating barriers for those unable to afford significant tuition costs in pursuing essential professional degrees.
The new law places caps on student loans for graduate students and professional students, limiting total medical school loans to $200,000.
Currently, medical school students graduate with an average debt of $260,000, with private universities often resulting in debts of about $300,000.
Students now face increased challenges in attending nursing, medical, or professional schools due to the reduced federal loan availability under the new law.
Critics argue the changes will favor wealthier individuals who can afford large tuition fees, making it difficult for others to pursue careers in healthcare or law.
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