Amends the Higher Education Act to allow interest-free deferment on student loans for medical and dental interns and residents.
The Resident Education Deferred Interest Act, or REDI Act, amends the Higher Education Act of 1965 to provide interest-free deferment on student loans for borrowers serving in a medical or dental internship or residency program. This means that during their internship or residency, these borrowers will not have to make principal payments or accrue interest on their student loans.
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