AACOM recognizes the significant student loan debt burden osteopathic medical students and graduates shoulder, and the overall potential impact this has on students pursuing primary care and other needed specialties. In the 2013-14 academic year, osteopathic medical schools are educating over 23,000 future physicians – more than 20 percent of U.S. medical students. As osteopathic medical education debt rises, interest accrues on these loans over time, considerably inflating the overall cost of medical student debt. These students are also entering medical school with higher debt from their undergraduate education.
AACOM strongly supports the reauthorization of the Higher Education Act and other relevant federal programs and encourages Congress to explore fiscally responsible solutions to lower medical student debt.