How HR 2028 changes current law

REDI Act · United States

How this bill changes current law

6 changes

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill adds provisions for interest-free deferment on student loans for borrowers in medical or dental internships or residency programs.

  • 20 U.S.C. 1087e(f)

    A borrower → Except as provided in paragraph (7), a borrower

    Clarifies that the new deferment rule applies with specified exceptions.

  • 20 U.S.C. 1087e(f)(2)(A)

    or

    Modifies the list of eligibility criteria by removing the conjunction to facilitate adding a new clause.

  • 20 U.S.C. 1087e(f)(2)(A)

    the matter following clause (ii)

    Removes previous eligibility conditions to make space for the new medical or dental internship clause.

  • 20 U.S.C. 1087e(f)(2)(A)

    , → ; or

    Changes punctuation to accommodate the new eligibility clause.

  • 20 U.S.C. 1087e(f)(2)(A)

    (iii) is serving in a medical or dental internship or residency program;

    Adds a new eligibility criterion for deferment for specific medical or dental training.

  • 20 U.S.C. 1087e(f)

    (7) 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.

    Establishes a specific deferment rule for borrowers in medical or dental internships or residencies, preventing interest from accruing.

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