An Exploration of the Recent Decline in the Percentage of U.S. Medical School Graduates With Education Debt

After decades of stability, the percentage of U.S. medical school graduates with education debt has decreased dramatically in recent years. This change represents a near doubling of the number of graduates with no education debt compared with previous years. While all the reasons for this change are not yet clear, this Analysis in Brief (AIB) examines several variables that may help explain this recent trend: graduates from new medical schools, the loss of a financially advantageous federal loan, and changes in scholarship resources and the self-reported parental income of medical students.

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