squiddy Wrote:
Nov 15, 2012 10:46 AM
Actually, they've made it worse in ways beyond Obamacare - when funding for undergraduate Pell grants was cut, the administration / Congress stepped in, and ended graduate school loan subsidies to redirect funds to supporting Pell. The effect of this is medical school students who take out loans after last July will be paying 8% interest on their entire loans, instead of the partial zero-interest loans they used to get. Which means that medical school students will now end school owing even more than they do now,. After spending 4-7 years in low-paid residency, many doctors will enter practice in their 30's, owing hundreds of thousands of dollars on day 1. Who will choose primary care with that kind of debt?