(April 28, 2008) The Department of Education has issued a "Dear Colleague" letter announcing an increase in the combined aggregate Stafford loan limit for certain health professions students (including medical students) from $189,125 to $224,000, effective immediately.
This increase is entirely in unsubsidized Stafford loans and will allow medical students to borrow at a 6.8 percent interest rate, avoiding higher rates available through Grad PLUS and other private loan programs. The loan limit increase comes in response to an AAMC coordinated sign-on letter sent to Secretary of Education Margaret Spellings in Sept.2007.
More information: http://ifap.ed.gov/dpcletters/041808GEN0804.html