Medical Students Advocate
for Higher Annual Loan Limits
September 19, 2003 - Members of the AAMC's Organization
of Student Representatives (OSR) Administrative Board went
to Capitol Hill Sept. 15 to urge their Members of Congress
to support efforts to increase the annual borrowing limit
on subsidized Stafford student loans as part of the reauthorization
of the Higher Education Act. Legislative authorization of
the Higher Education Act expires on Sept. 30 and Congress
is currently in the process of developing legislative reauthorization
proposals. Currently, qualified graduate and professional
students may borrow up to $8,500 per year in subsidized loans
through the Stafford loan program. The students advocated
raising the annual limit to $12,000 per year, a level that
approximately covers inflation since the limits were last
increased during the 1992 reauthorization.
Jonathan Fishburn, Director, Research, Education and Veterans' Legislative Affairs
AAMC Office of Governmental Relations
jfishburn@aamc.org
(202) 828-0525
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