Bill > S3207

This bill, the Deferment for Active Cancer Treatment Act of 2018, amends the Higher Education Act of 1965 to allow for the deferment of certain student loans during a period in which a borrower is receiving treatment for cancer. The key provisions of the bill include: 1. Allowing borrowers of Direct Loans, Federally Insured Student Loans, FFEL Program Loans, and Federal Perkins Loans to defer their loan payments for the duration of their cancer treatment and for 6 months after the treatment period. 2. Ensuring that interest does not accrue on the deferred loans during the deferment period. 3. Applying these changes to loans made on or after the date of the bill's enactment, as well as loans in repayment on the date of enactment. The bill aims to provide financial relief to individuals undergoing cancer treatment by temporarily suspending their student loan payments and interest accrual, allowing them to focus on their medical care and recovery.

Health and Social Services

https://www.congress.gov/bill/115th-congress/senate-bill/3207/all-info