Radiology groups back bill for interest-free loan deferment during residency

Over 40 healthcare organizations, including the American College of Radiology, are urging Congress to pass the Resident Education Deferred Interest (REDI) Act, which would allow interest-free deferment of student loans during residency.

• The REDI Act would not provide loan forgiveness or reduce the original balance, only defer interest accrual.
• New federal caps and the elimination of the Graduate PLUS loan program have further squeezed medical students’ financing options.
• The bill has been introduced several times since 2022 but has not yet passed.

Automated summary

RadPigeon summaries are original and for information only. They are not clinical advice.