Home » Business » Nursing Degree Loan Limits: Atlanta Deans Warn of Healthcare Impact

Nursing Degree Loan Limits: Atlanta Deans Warn of Healthcare Impact

by Priya Shah – Business Editor

EmoryNursing Deans Voice Concerns Over DOE degree Reclassification

ATLANTA, Ga.(Atlanta News Frist) – ⁤A ⁣recent ‍change in designation by the Department‍ of Education, removing nursing from the list of professional degrees, is raising concerns among Emory University nursing leaders⁣ about ‍the affordability of graduate education‌ for aspiring nurses.

Lisa Muirhead, Senior associate Dean⁤ at the ‌Emory University Nell ⁢Hodgson Woodruff School of Nursing, emphasized the⁤ potential impact on the profession. “Anything that keeps nursing‍ students from fulfilling their goals is‍ a detriment to‌ their profession,” she ​stated. The reclassification could force students to ⁣rely on private loans, which often ‌carry considerably higher interest⁣ rates.

Dean Linda McCauley echoed these concerns, questioning ​the rationale‍ behind the ​decision. “In the escalating need for⁤ healthcare ‌providers, ⁤why would ⁣you⁢ put up roadblocks? And that’s what this DOE action is doing,” she​ said.

Currently, students pursuing “professional degrees” are eligible for federal loans up to $200,000, while graduate students face‌ a $100,000 loan⁤ limit, according‌ to a report by Newsweek. McCauley highlighted the financial⁢ implications, explaining, ⁤”So you‍ imagine​ if that’s a​ federally backed loan versus ⁤a private loan, an interest rate of⁣ 5 versus 15%.” The ⁣average Emory ⁣Nursing Masters degree student already⁢ carries a debt of $100,000.

Muirhead warned ⁤that increased financial⁤ burdens could lead to ⁣a decline in the number of nurses entering the field, ultimately impacting healthcare access for all.”The ​wait times to access emergency services,delays in clinic appointment times,access to maternal health,behavioral health,oncology​ services,for the geriatric and aging population,we will‍ all be affected,” she explained.

Both⁤ deans expressed hope that the Department ⁢of ‍Education will reconsider the change. McCauley ‍added,‌ “I don’t take it ‌that they had studied the situation fully ‌and had made a reasoned⁤ decision.”

Atlanta News First reached out to the Department of Education for comment and clarification but has not ‍yet received a response.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.