March 21, 2008
Medical Schools Ask That Loan Deferments Continue
Medical schools are asking Congress to reverse the Education Department's decision to end a program that has allowed borrowers with high debt-to-income ratios to defer interest on their student-loan payments.
In a joint letter sent last week, the Association of American Medical Colleges and the American Medical Association ask the chairmen of Congress's education committees to preserve the "debt-to-income pathway" of the federal economic-hardship deferment.
That option allows
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