ED to MED is leading an effort to unify and mobilize a core group of national partners around federal higher education policy issues that affect the future health care workforce. In addition to the 18 organizations that have endorsed our campaign principles, ED to MED welcomes additional allied groups to stand with us in defense of policies that protect patients’ access to health care across the country. View the organizations that have endorsed our campaign principles.
Uniting to Save PSLF and Grad PLUS
The Public Service Loan Forgiveness (PSLF) Program plays a crucial role in incentivizing careers in public service by assisting qualified health professionals and other graduate students as they work to give back to their communities. Grad PLUS loans are federal, Direct PLUS Loans that help graduate and professional students finance the full cost of their education.
- Over one million Americans are currently enrolled in the PSLF Program.
- Forty-eight percent of medical students received Grad PLUS loans in academic year 2015 – 2016.
- Graduate student loan borrowers typically have much lower rates of default on their Grad PLUS loans (2%) compared to other types of student borrowers.
- Seventy percent of osteopathic medical students graduating in the 2018 – 2019 academic year who planned to enter a loan-forgiveness program planned on entering the PSLF Program, while 67% relied on Grad PLUS.*
With our nation’s medical and other health professions students struggling with high debt burdens and our nation grappling with a health care workforce shortage, Congress should not add to the barriers of obtaining a health professions degree, and must support federal student loan programs that encourage and enable students to pursue careers in public service and health care.
*Source: 2018-2019 Preliminary AACOM Graduating Seniors Summary Report (forthcoming)
Help ED to MED #SavePSLF and #SaveGradPLUS. Visit our initiative webpages and get started today, and urge Congress to #SavePSLF and #SaveGradPLUS in the reauthorization of the Higher Education Act!