Amends the Higher Education Act to provide 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 allow interest-free deferment on student loans for borrowers serving in a medical or dental internship or residency program. This special rule exempts these borrowers from making principal payments and prevents interest from accruing on their loans during their service period.
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