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Interest-Free Student Loan Deferment for Medical and Dental Residents.

This bill creates a new financial relief option for individuals serving in medical or dental residency and internship programs. Borrowers will be able to defer their student loan payments, and crucially, interest will stop accruing on those loans during the training period. This change significantly lowers the overall debt burden for future doctors and dentists.
Key points
Federal student loan interest will not accrue for borrowers during medical or dental residency or internship programs.
Allows for the deferment of principal payments during the entire training period.
Provides substantial financial savings for young medical and dental professionals.
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Additional Information
Print number: 118_S_704
Sponsor: Sen. Rosen, Jacky [D-NV]
Process start date: 2023-03-08
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

REDI Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_704.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-08.

What are the main provisions?

Key points include:

  • Federal student loan interest will not accrue for borrowers during medical or dental residency or internship programs.
  • Allows for the deferment of principal payments during the entire training period.
  • Provides substantial financial savings for young medical and dental professionals.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Rosen, Jacky [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Education Health