Urge Congress to Preserve Grad PLUS Loans During Budget Reconciliation
Published February 04, 2025
By AACOM Government Relations
Advocacy
Higher Education
OME Advocate
As Congress prepares to assemble a budget reconciliation bill, provisions that could hurt osteopathic medical students and colleges of osteopathic medicine that were in last year’s CCRA are under consideration. These provisions propose to eliminate the Grad PLUS Loan Program, cap federal loans at $200,000 per borrower and establish new risk-sharing payments.
Grad PLUS loans help make OME more accessible by offering flexibility to students to borrow up to the full cost of their education, uncapped. At a time when there is a physician shortage, it is important that we do not place economic barriers on eligible students who want to pursue a medical education. Advocate today to help preserve Grad PLUS and oppose borrowing caps and risk-sharing payments. |