Foreign Medical School Accountability Fairness Act of 2026

This bill establishes uniform eligibility requirements for foreign graduate medical schools seeking U.S. federal student aid under the Higher Education Act. It requires schools outside the U.S. and Canada to meet specific standards, including having at least 60% of students not classified as non-U.S. citizens and a 75% passing rate on licensing exams, to qualify for federal loans. The bill repeals special exemptions allowing certain Caribbean for-profit schools to bypass these rules, aiming to increase accountability. Current students enrolled at affected schools before the law's enactment will retain loan eligibility for up to four years after the school loses eligibility, but new students will face the new requirements starting July 2026.