A new rule will dramatically change how medical students can pay for their education, according to an expert.
On May 1, the U.S. Department of Education released the Reimagining and Improving Student Education-Federal Student Loan Program Final Regulations (RISE) rule, which goes into effect July 1. The regulations for federal student loan programs will implement statutory changes included in the One Big Beautiful Bill Act, which was signed last July. Those changes include phasing out the Graduate PLUS program and establishing new loan limits for professional students, graduate students and