Marshall Biven, a second-year medical student at Creighton University, said he’ll be $400,000 in debt with federal loans by the time he graduates.
Although his loans will not be affected by a new $200,000 cap on professional degrees, he’s worried about how it could impact future medical students.
Biven said that with less access to federal loans that have interest rates of around 7%-8%, students will have to turn to private loans that have interest rates of 17% or more, leading to more debt…