AGD Thanks REDI Act Sponsors for Senate Introduction
The AGD thanked Senators Jacky Rosen (D-NV) and John Boozman (R-AR) for introducing S.3658, the Resident Education Deferred Interest (REDI) Act, in a letter addressed to their offices on Tuesday.
The REDI Act would allow student loan borrowers to qualify for interest-free deferment on their student loans while serving in a medical or dental internship or residency program. Many dental residents opt for a deferment or forbearance of their loan payments during residency and are faced with substantial interest accrual on their original dental education costs. Providing interest accrual relief allows dentists to pursue training or specialization without the threat of mounting financial debt and significantly expands the number of practical career paths for a dentist post-residency.
In AGD’s letter to the Senators, the association expressed strong support for the legislation and informed the sponsors that the association will advocate for its passage in the Senate.
Impact on General Dentistry: The AGD supports legislative efforts to provide greater economic relief to a generation of medical students facing disproportionately high costs for graduate-level education. The REDI Act will help lift financial barriers for residents and provide dentists with greater career opportunities post-residency.
The REDI Act would allow student loan borrowers to qualify for interest-free deferment on their student loans while serving in a medical or dental internship or residency program. Many dental residents opt for a deferment or forbearance of their loan payments during residency and are faced with substantial interest accrual on their original dental education costs. Providing interest accrual relief allows dentists to pursue training or specialization without the threat of mounting financial debt and significantly expands the number of practical career paths for a dentist post-residency.
In AGD’s letter to the Senators, the association expressed strong support for the legislation and informed the sponsors that the association will advocate for its passage in the Senate.
Impact on General Dentistry: The AGD supports legislative efforts to provide greater economic relief to a generation of medical students facing disproportionately high costs for graduate-level education. The REDI Act will help lift financial barriers for residents and provide dentists with greater career opportunities post-residency.