US SB3757

Eliminates grandfather exemptions that allowed three for-profit Caribbean medical schools to receive nearly three-quarters of all federal Title IV funding going to foreign graduate medical schools without meeting standard eligibility requirements

Requires all foreign graduate medical schools to meet uniform standards: at least 60% of enrolled students and graduates must be non-U.S. persons, and at least 75% of students/graduates must pass Educational Commission for Foreign Medical Graduates examinations

Grandfather exemption authority expires on the first July 1 following enactment of the Act

Provides transition protection for currently enrolled students at schools losing eligibility, allowing them to continue receiving federal loans until withdrawal, program completion, or the fourth June 30 after eligibility loss

Congressional findings cite for-profit Caribbean schools' attrition rates reaching 30% (versus 3.2% at U.S. schools) and 2025 residency match rates of 67.8% for foreign graduates compared to 93.5% for U.S. allopathic graduates