Medical Residents' Student Loan Amendments Act of 1989

Summary

Medical Residents' Student Loan Amendments Act of 1989 - Amends the Higher Education Act of 1965 to revise provisions relating to repayment of student loans by medical residents. Provides that no borrower shall be eligible to be classified as a student for a deferment of student loan repayments while serving in a medical internship or residency program. Requires lenders to grant borrowers, upon written request, forbearance from student loan repayments, renewable at 12-month intervals, for the time remaining in the borrower's medical or dental internship, residency, or fellowship program. Prohibits lenders from: (1) charging an administrative or other fee in connection with granting such a forbearance; or (2) reporting adverse information regarding a borrower solely because of granting such a forbearance. Directs the Advisory Committee on Student Financial Assistance to conduct, and complete within one year, a study examining: (1) indebtedness among graduate and professional students; and (2) the extent to which loan burden affects enrollment and persistence decisions of low-income, disadvantaged, and minority graduate students.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 23 June 1989

  Open at official source

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