Making the number of black doctors even less that what it is now......
The Senate's new student loan proposal in many ways is even more punitive to borrowers than the House's version. Here's what it does:
- Would cause hundreds of thousands of Parent PLUS borrowers to default because they would be stripped of any IDR option whatsoever
- Eliminates filing separately for the RAP plan
- Eliminates the ability of borrowers currently enrolled in a school to use anything except RAP if they need to borrow after July 2026 (this affects millions of people)
- Basically eliminates PSLF for future doctors and dentists
- Caps federal loans at 200k for professional school, up slightly from the 150k cap
-Creates a primary care doctor crisis by capping loans so low the schools that create most of them wouldn't be able to exist (or if they did it would only be kids from rich families attending)
-Retroactively takes away terms that were promised to borrowers in writing even if they have been in repayment for years
I think this could swing any suburban or highly educated area or congressional district hard towards Democrats in future elections. Especially when borrowers get confronted with the terms in this bill once it's rolled out (which will be before the 2026 midterms)