119-s942

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 942 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 942

To amend the Higher Education Act of 1965 to provide for interest-free 
deferment on student loans for borrowers serving in a medical or dental 
 internship or residency program.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 March 11 (legislative day, March 10), 2025

Ms. Rosen (for herself and Mr. Boozman) introduced the following bill; 
 which was read twice and referred to the Committee on Health, 
 Education, Labor, and Pensions

_______________________________________________________________________

 A BILL

To amend the Higher Education Act of 1965 to provide for interest-free 
deferment on student loans for borrowers serving in a medical or dental 
 internship or residency program.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Resident Education Deferred Interest 
Act'' or the ``REDI Act''.

SEC. 2. DEFERMENT DURING A MEDICAL OR DENTAL INTERNSHIP OR RESIDENCY 
 PROGRAM.

 

Section 455

    (f) of the Higher Education Act of 1965 (20 U.S.C. 
1087e

    (f) ) is amended--

    (1) in paragraph

    (1) , in the matter preceding subparagraph
        (A) , by striking ``A borrower'' and inserting ``Except as 
 provided in paragraph

    (6) , a borrower'';

    (2) in paragraph

    (2)
        (A) --
        (A) in clause
            (i) , by striking ``or'' after the 
 semicolon;
        (B) by striking the matter following clause
            (ii) ;
            (C) in clause
            (ii) , by striking the comma at the 
 end and inserting ``; or''; and
            (D) by adding at the end the following:
 ``
            (iii) is serving in a medical or dental 
 internship or residency program;''; and

    (3) by adding at the end the following:
 ``

    (6) Special rule for certain in school deferment.--
 Notwithstanding any other provision of this Act, a borrower 
 described in paragraph

    (2)
        (A)
            (iii) shall be eligible for a 
 deferment, during which periodic installments of principal need 
 not be paid and interest shall not accrue on any loan made to 
 the borrower under this part.''.
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