Monday, November 5, 2007

Continued loan deferment for Medical Residents

"The federal Department of Education has granted a plea from organized medicine to extend the deferment eligibility that allows graduate physicians to delay paying back student loans until after the completion of residencies."

The medical student representative on the AMA's board of trustees, called the extension "a temporary fix."

He continued, "We are committed to working with Congress and the Department of Education on a long-term solution for continued loan deferment eligibility for medical residents,"

He also reiterated AMA's warning that "making it harder for residents to pay back their high debt can deter young physicians from going into primary care medicine, or practicing in underserved areas."

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