REDI Act
The REDI Act (S 704) amends the Higher Education Act to create a loan deferment option for medical and dental residents. It directly affects borrowers with federal student loans who are enrolled in medical or dental internship or residency programs. The key provision allows these borrowers to temporarily pause both principal payments and interest accrual on their loans during their residency training. This change applies to loans made under the Higher Education Act and is designed to ease financial pressure during these critical training years.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
President
Introduced Mar 8, 2023
Last action Mar 8, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 8, 2023
Committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
upper
Mar 8, 2023
Introduced
Introduced in Senate
upper
1 primary · 16 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jacky Rosen
DDemocratic
Co
Chris Van Hollen
DDemocratic
Co
Christopher A. Coons
DDemocratic
Co
Jeff Merkley
DDemocratic
Co
John Boozman
RRepublican
Co
John Kennedy
RRepublican
Co
Jon Ossoff
DDemocratic
Co
Kirsten E. Gillibrand
DDemocratic
Co
Laphonza R. Butler
DDemocratic
Co
Lisa Murkowski
RRepublican
Co
Maria Cantwell
DDemocratic
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