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Revisions to 'College Cost Reduction and Access Act' will create barriers to primary care
Date:10/9/2007

cal residents who would otherwise have been able to defer repayment for a period of time during their residency to begin repayment immediately after the conclusion of their medical school training. Because the legislation took effect Oct. 1, the College is concerned that medical residents have not had adequate time to arrange for an immediate loan repayment plan.

In place of the20/220 pathway, the new law offers borrowers the option of participating in a debt repayment program that caps payments at 15 percent of the borrowers income that is above 150 percent of the Federal Poverty Level. However, the repayment program does not go into effect until July 1, 2009, which leaves medical residents with no immediate reprieve for a significant period of time.


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Contact: David Kinsman
dkinsman@acponline.org
202-261-4554
American College of Physicians
Source:Eurekalert

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