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S. 1066, The Medical Education Affordability Act (6 comments ↓)
S. 1066 would require the Secretary of Education to revise regulations regarding student loan repayment deferment with respect to borrowers who are in postgraduate medical or dental internship, residency, or fellowship programs.
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collective example of our higher educational act
An example of our higher educational act.Income-Based Repayment will take its place and it will certainly not be as Resident friendly.I really can't believe that the Sen Dodd's legislation didn't go anywhere as its been referred to the committee. http://thomas.loc.gov/cgi-bin/bdquery/z?d110:s.01066:
An example of our higher educational act#2
ry/z?d110:s.01066:
Dodd proposal that I hope it didn't just die Someone best be telling AMA/AOA MSA/SOMA about this XX being pulled. I can not begin to TELL you how pissed I am to hear this.It almost feels like it's specifically aimed at residents since they have large debt loads but non-poverty salaries. This is just unbelievable.And where are our lobbying groups? Shouldn't they be monitoring this and keeping us informed? I should have gotten an email from AMSA already about this.It would be nice if they could just renew the specific residency deferments. I was hoping that it was just an additional repayment option and was not eliminating the economic hardship deferment provision that most residents utilize.
An example of our higher educational act#3
The mandatory medical esidency/internship deferment and forbearance will not be affected.WHAT DOES THIS MEAN??Quote:
The final conference agreement includes a change in the criteria to qualify for the economic hardship deferment that eliminates the debt-to-income pathway, which is the most common means by which medical residents obtain eligibility. The mandatory medical residency/internship deferment and forbearance will not be affected.
An example of our higher educational act#4
While the final bill increases the maximum qualifying income for the first pathway, it is unlikely that residents will continue to qualify for the economic hardship deferment. Under the new definition, a borrower's income cannot exceed the greater of either the minimum wage rate or 150 percent of the poverty line applicable to the borrower's family size. For an independent single student the maximum qualifying monthly income will be $1,276"Family...America continues to suffer .......& welcome to more EUROPEAN Drs WELCOME TO USA!!!
MLJ
I am entering medical school this year. How will I afford making student loan payments on such a large debt during residency? This bill is another example of America's priorities in the wrong place. We should be helping our future doctors.