Urge Congress to support student loan repayment relief for dental and medical residents
Student loan debt remains a significant issue for OMSs.
The combination of decreased availability of subsidized student loans and higher student loan interest rates have resulted in a significant increase in student debt for OMSs, making it challenging for them to consider serving in underserved areas or in faculty or research positions.
Senators Jacky Rosen (D-Nev.) and John Boozman, OD (R-Ark.) as well as Reps. Brian Babin, DDS (R-Texas) and Chrissy Houlahan (D-Pa.) reintroduced the Resident Education Deferred Interest (REDI) Act that would allow medical and dental residents to quality for interest-free deferment on their student loans during residency.
Providing interest accrual relief during residency could make the options of serving in underserved areas or in faculty or research positions more attractive and affordable to residents.
The REDI Act does not provide any loan forgiveness or reduce a borrower’s original loan balance. Providing student loan relief also is a workforce issue.
Please urge Congress to support the REDI Act (S 942/HR 2028).
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