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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In the 1980s, many paid for medical school with massive student loans. It is not a new issue. [/quote]

These loans are now capped. 
We are using what’s left in 529 for housing/tests/fees and paying tuition only with loan. Applying for financial aid, but most schools only offer after 1st year. Will do work study to offset tuition. [/quote]

Even decades ago, there were caps on Federal student loans. It was not unusual for a medical student to also have some non-Federal loans in addition to Federal loans. Medical students who survive the first year (and most will survive) are a good credit risk.

Again, this is not a new problem. [/quote]
It’s not a new problem but the loan caps have made it way worse in the last year exacerbated by tuition costs rising above where they were decades ago. We are looking at private schools with a cost of attendance over $100k and loan caps at $50k. 
Obviously going to a public in state medical school is fiscally smarter (though we know a lot kids without a choice of medical schools who will go wherever they get in). [/quote]

There have been caps all along.  The caps are higher now than 20 years ago.    I am very sorry it is not working well for you, but essentially the same situation existed 50 years ago, 40 years ago, 30 years ago, 20 years, and 10 years ago.[/quote]

You’re not following along with costs and the new bill. We are at a point where attendance costs will significantly exceed the federal loan caps. You can say it’s always been this way, but the reality is it has changed recently.

https://pmc.ncbi.nlm.nih.gov/articles/PMC12658764/#:~:text=Results,medical%20school%20(Figure%20C).[/quote]

There have been caps for at least 50 years. Even 10 years ago many had to take out private loans because of Federal caps. The latest tweak really has not changed the fundamental issue. [/quote]

For grad plus loans, you could borrow up to the total cost of attendance, which includes living expenses. How do you not know this?[/quote]

Tuition $70,000 and housing $20,000 (that’s low, doesn’t allow for food etc) =$90,000 a yr and that’s considered low. Anyway, x4 yrs and that’s $360,000 which is $110,000 over the cap. If one takes regular loans, they are due the month after loan starts. How can one pay the regular loan while in med school? [/quote]

There was no cap until this year. Do you know how many lawyers graduated with 300k in Grad Plus Loans??[/quote]

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