April 24, 2008
The U.S. Department of Education recently announced an increase in the aggregate loan limit for health professions students in Dear Colleague Letter (DCL) GEN-08-04/FP-08-04.
Effective April 14, 2008, the date of DCL GEN-08-04/FP-08-04, the aggregate loan limit for graduate and professional students enrolled in certain approved health profession programs was increased from $189,125 to $224,000. This increase is for unsubsidized Stafford loans only and will allow medical students to borrow additional funds at the 6.80 percent interest rate.