Calm down everyone! I read through the Senate version of the bill. Title I Section 103 has been amended by the Senate (preliminarily at least) removing the grandfather clause. What this means is that as long as your school has 60% of its students pass ECFMG tests (AKA Step 1) your school will be eligible for federal loans. This does not close the door to anyone, but actually opens it. The House bill still contains the provision.

Here is the wording of the Senate verision:

SEC. 103. DEFINITION OF INSTITUTION OF HIGHER EDUCATION FOR PURPOSES OF TITLE IV PROGRAMS.

• Section 102 (20 U.S.C. 1002) is amended--

• • (1) in subsection (a)--

• • • (A) by striking paragraph (2)(A)(i) and inserting the following:

• • • • `(i) in the case of a graduate medical school located outside the United States--

• • • • • `(I) at least 60 percent of those enrolled in, and at least 60 percent of the graduates of, the graduate medical school outside the United States were not persons described in section 484(a)(5) in the year preceding the year for which a student is seeking a loan under part B of title IV; and

• • • • • `(II) at least 60 percent of the individuals who were students or graduates of the graduate medical school outside the United States or Canada (both nationals of the United States and others) taking the examinations administered by the Educational Commission for Foreign Medical Graduates received a passing score in the year preceding the year for which a student is seeking a loan under part B of title IV; or';