REDI Act

Bill 119 hr 2028, also known as the "Interest-Free Deferment for Medical and Dental Interns and Residents Act," aims to amend the Higher Education Act of 1965 to provide interest-free deferment on student loans for borrowers who are serving in a medical or dental internship or residency program.

The bill specifically targets individuals who are pursuing careers in the medical or dental field and are in the midst of completing their required internship or residency programs. These individuals often face financial challenges due to the demanding nature of their training programs, which can make it difficult for them to keep up with their student loan payments.

By providing interest-free deferment on student loans for these borrowers, the bill seeks to alleviate some of the financial burden that they face during this critical stage of their education and training. This deferment would allow them to focus on their studies and training without having to worry about accruing additional interest on their student loans. Overall, the "Interest-Free Deferment for Medical and Dental Interns and Residents Act" aims to support and incentivize individuals pursuing careers in the medical and dental fields by providing them with financial relief during their internship and residency programs.