Coalition thanks legislators for supporting deferred interest for dental, medical residents
March 20, 2019
Washington — A coalition of 32 stakeholders, including the ADA, are thanking Congress for introducing bipartisan legislation that would allow medical and dental students to defer interest accrual on their federal loans while they are in their residency programs.
The Resident Education Deferred Interest Act, or REDI Act, was introduced March 6 by Dentist/Rep. Brian Babin, R-Texas. Cosponsors included Reps. Paul Gosar, R-Ariz., and Jeff Van Drew, D-N.J., who like Rep. Babin, are also dentists and ADA members.
In a March 19 letter, the groups — led by the American Association of Oral and Maxillofacial Surgeons — thanked the representatives for their support and noted that passing the legislation is an important part of student loan repayment reform.
“This bill would save physicians and dentists in residency thousands of dollars in interest,” the groups wrote. “Providing interest accrual relief during residency also would make the concepts of opening practices in underserved areas or entering faculty or research more attractive and affordable to residents.”
Follow all of the ADA’s advocacy activities at ADA.org/advocacy.