REDI Act

This bill would let medical and dental interns and residents pause federal student loan payments while they train. During this time, no monthly payments would be due and interest would not build up on those loans, so balances wouldn’t grow just because someone is in residency or an internship. The pause would last through the end of their internship or residency program.

Key points

• Who is affected: People in medical or dental internships or residency programs who have federal student loans.
• What changes: Loan payments can be deferred, and interest does not accrue during the deferment period.
• When it applies: For the duration of the internship or residency program.