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July 5, 1985

Medical Education Indebtedness

JAMA. 1985;254(1):58. doi:10.1001/jama.1985.03360010064024

To the Editor.—  As a senior medical student, I am extremely concerned over the decline of low-interest medical student financial aid programming. "Financial instability can threaten the quality of medical education in several ways," as stated by Dr Egan.1 I have found that recent medical school graduates and teaching staff have little comprehension of the cost of a current medical education, much less the current educational loan costs. For their benefit, these programs for medical student loans include the following: (1) PLUS, at a 12% fixed rate: "The repayment of your loan will begin within 30 to 60 days following disbursement of the loan."2 Interest on this loan immediately accrues and is nondeferred; only principal is eligible to be deferred. (2) HEAL, at a variable rate: "Interest shall accrue and be payable at an annual percentage rate which is equal to a variable rate... computed by determining the