I thought this would be of interest to all of you!  

 

Subject: NASFAA Today's News Tuesday, May 5, 2009

 

 <http://www.nasfaa.org/rngaomed050509> GAO Study Examines Graduate Medical
Education Training and Debt Trends 
Although medical student debt is rising, physicians are eligible for federal
loan repayment relief plans during postgraduate medical training and can
eventually earn high incomes that can be used to repay their loans,
according to a brief issued yesterday by the Government Accountability
Office (GAO). The median amount of educational debt for indebted medical
students graduating in 2008 was $155,000 - a 53 percent increase since 1998,
controlling for inflation, according to the report. Despite the rising debt
associated with graduate medical education, the GAO didn't find that debt
weighs heavily on students' minds when choosing a specialty. 

 <http://www.nasfaa.org/awsteer050509> Student Loan Tips: How to Steer Clear
of Private Loans (The Wall Street Journal) 
"Private loans are being used more than ever to help fund college, according
to a new study by the Project on Student Debt. But considering that private
loans carry sky-high interest rates and inflexible repayment terms, that's
bad news," The Wall Street Journal reports. "The study found that 14% of
undergrads used private loans last academic year (2007-08), up from 5%
during 2003-04. A quarter of students who took out private loans did not
take out any federal loans, which carry much lower interest rates and more
flexible terms. Worse, 14% didn't even apply."

 

 


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