Amends the Higher Education Act of 1965 to allow interest-free deferment on student loans for those in medical or dental internships or residencies.
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 loans. The bill modifies existing provisions to include this special rule for certain in-school deferment.
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