Becoming a healthcare worker takes years of hard work and sacrifice, and, for many, costs hundreds of thousands of dollars in educational expenses. Nearly 70% of medical school graduates left school with debt in 2021, according to the American Association of Medical Colleges. Graduates had an average debt of $250,222 for public universities and $330,180 for private schools.
Recently the Biden-Harris administation announced a sweeping plan to forgive upto $20,000 in student loan debt for qualified borrowers.
In this article, we tell you about the key details and more importantly all the latest developments since the plan was announced.