Advocacy Brief: Legislation to Reinstate 20/220 Introduced in Congress
Legislation to reinstate the 20/220 loan deferment pathway was introduced in both the House and Senate in late March. This pathway is the economic hardship deferment qualification criterion that 67% of the nationís medical residents have relied upon to defer their student loan debts while completing residency training. Without this deferment option, starting on July 1, 2009, the majority of medical residents, who previously would have otherwise been able to defer repayment for up to three years time during their residency, will be forced to begin repayment immediately or seek forbearance. The legislation will permanently restore the 20/220 pathway and expand the current economic hardship qualifications. ACP endorsed the legislation last week and is working hard to have this important loan deferment pathway reinstated.
Students: Join ACP for Free
Benefits of Membership for Students: ACP's free Medical Student Membership includes benefits designed especially to meet students' needs.
Join Now: Sign-up today and begin enjoying the benefits of ACP Medical Student Membership.
Find a Residency
Search ACP's Internal Medicine Residency Database for information on all internal medicine residency programs in the U.S. and Canada. (ACP Members only)
Sign-up for Physician & Practice Timeline text alerts and never miss another regulatory deadline!
Triggered text alerts aimed at keeping you on top of upcoming deadlines and details related to regulatory, payment, and delivery system requirements are available FREE of charge!
Pre-order MKSAP17 Complete and Save 15%!
Enter priority code PR58 when ordering. Limited time only. Order now.