Under current law, graduate students are prohibited from accessing subsidized federal loans to finance their education.
In 2011, Congress passed the Budget Control Act, restricting eligibility for subsidized Stafford loans to undergraduate students. This forces PA students to seek alternative financing options, such as unsubsidized Stafford, Grad PLUS, and private loans, which result in higher out-of-pocket costs over the long-term.
The Physician Assistant Higher Education Modernization Act would immediately restore access to subsidized Stafford loans for PA students. The bill would also provide the Secretary of Education with the authority to further expand access to subsidized loans to other graduate-level health professions students.
PAEA supports restoring access to subsidized Stafford loans for PA and other graduate-level health professions students.