How HR 2028 changes current law
REDI Act · United States
How this bill changes current law
6 changesCompared 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.
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20 U.S.C. 1087e(f)
A borrower→ Except as provided in paragraph (7), a borrowerClarifies that the new deferment rule applies with specified exceptions.
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20 U.S.C. 1087e(f)(2)(A)
orModifies the list of eligibility criteria by removing the conjunction to facilitate adding a new clause.
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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.
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20 U.S.C. 1087e(f)(2)(A)
,→ ; orChanges punctuation to accommodate the new eligibility clause.
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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.
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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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https://www.oneclickpolitics.com/bills/119352-hr-2028/current-law