November 7, 2007

AAMC endorses student loan deferment legislation

The AAMC has endorsed the "Medical Education Affordability Act," a bill proposed in the U.S. Senate that would allow physicians to defer repayment of their student loans while they complete their residency or fellowship training. Current law relating to the economic hardship deferment option allows physicians who meet specific debt-to-income ratios to defer repayment of federal educational loans for up to three years. The new proposed legislation would extend this deferment to include the entire length of "postgraduate medical or dental internship, residency or fellowship programs." More than 20 additional medical and dental associations and organizations have also endorsed the bill. For more information, please visit http://www.aamc.org/advocacy/library/educ/corres/2007/032907.pdf.

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