⚠ Policy change effective July 1, 2026: Grad PLUS loans eliminated for new borrowers. · Read the law →
Effective July 1, 2026

Your PA program just got $36,058 harder to fund

PA programs cost $50K–$90K a year — but because the PA degree isn’t on the federal “Professional” list, you’re capped at $20,500. That’s a $30K–$70K annual gap.

Median PA Program — 2025–26
Cost of Attendance$56,558
New Federal Cap$20,500
Annual Gap−$36,058
2-Year Gap−$72,116
Programs Affected100% of PA programs
211
PA Programs Analyzed
100%
Exceed the $20,500 Cap
$36,058
Median Annual Gap
$100,000
Aggregate Limit

Three things every PA
student needs to know

PA students train like doctors but borrow like grad students. The new caps make that gap worse.

01 — THE CAP

$20,500/year maximum

PA programs require clinical rotations and board exams, but the degree isn't classified as "professional." Your cap is $20,500. The median program costs $56,558, leaving a $36,058 gap.

02 — THE WALL

$100,000 aggregate limit

Two years at $20,500 is only $41,000 in federal loans. The aggregate limit won't be the bottleneck for most PA students, but undergraduate debt still counts against it.

03 — THE TIMELINE

July 1, 2026 cutoff

Already enrolled? You may get up to 3 years of grandfathering. Starting fall 2026 or later? The caps apply from day one.

!

The classification gap

PAs complete clinical rotations, pass board exams, and practice medicine — just like MDs. Yet under 34 CFR § 668.2, PA degrees are not classified as “professional,” limiting federal borrowing to $20,500 vs. the $50,000 that medical students receive.

Funding gap by school

SchoolAnnual COAFederal CapAnnual Gap
Chamberlain$117,000$20,500−$96,500
Franklin Pierce$103,920$20,500−$83,420
Marquette$101,120$20,500−$80,620
Midwestern (AZ)$99,998$20,500−$79,498
Hofstra$98,532$20,500−$78,032
Charles Drew$92,800$20,500−$72,300
U New Haven$91,839$20,500−$71,339
Northwestern$90,378$20,500−$69,878

Source: The 2026 Graduate Education Funding Crisis: A Data Report. Full methodology →

What’s your gap?

Enter your school, residency status, and existing debt to see your exact funding gap.

Open the Calculator →

Don't miss an update

Private lending, NHSC programs, and policy updates for PA students.

Free. No spam. Unsubscribe anytime.