Comment Letter

Neurosurgery Supports Legislation Lower Medical Student Loan Costs

  • Graduate Medical Education
  • The Honorable Jacky Rosen
    U.S. Senate
    713 Hart Senate Office Building
    Washington, D.C. 20510
  • The Honorable John Boozman
    U.S. Senate
    141 Hart Senate Office Building
    Washington, D.C. 20510

Dear Senators Rosen and Boozman:

On behalf of our organizations, we thank you for introducing the “Resident Education Deferred Interest (REDI) Act” (S 3658) that, if passed, will allow borrowers to qualify for interest-free deferment on their student loans while serving in a medical or dental internship or residency program.

As you are aware, the cost of graduate-level medical and dental education is substantial for the vast majority of students. Further, those who undertake several years of residency with very low pay are often unable to begin repaying student debt immediately. As a result, they qualify to have their payments halted during residency through deferment or forbearance processes, but they continue to accrue interest that is added to their balance.

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