u/Constant_Orchid1

Having to study for MCAT, getting applications done, and endless volunteer hours while feeling this is all futile because it’s going to be really hard to get private loans for med school anyway... I know it’s far too early to feel this way but seeing admitted students grapple with this now has made me feel hopeless far too soon.

Nevertheless, here I am… existential effing thoughts while folding hospital gowns. 😕
Help! 😣

Dept. of Ed. changed the rules again, now saying previous Grad PLUS loans will also count against new aggregate loan limits set by the BBB (previously it was only Direct loans that counted towards the cap). I’m thinking of all the premeds who took out grad loans, maybe even Grad PLUS to do SMP programs and now have even less loans available for med school.

Also, this really blindsided students who have dedicated years of planning and preparation for grad or professional programs in reliance on student loan rules that have been unchanged for decades. When a huge policy like this is implemented, usually the prudent way legislators go about it to prevent hardship of pulling the rug out from under people is to make it apply a few years after the bill passes, not literally the next year. I think we’re all watching this space to see how easy or difficult it will be for 2026 matriculants to obtain private loan funding. Let the hunger games begin. 😵‍💫

https://www.nasfaa.org/news-item/38730/In\_a\_Reversal\_ED\_Says\_Graduate\_PLUS\_Loans\_Will\_Count\_Toward\_New\_Lifetime\_Borrowing\_Limit