VET MED Act

Bill: 116-hr-6134
Sponsor: full_name: Rep. Schrader, Kurt [D-OR-5]
Introduced: 2020-03-09
Policy area: Education
Subjects: Higher education

Interest, dividends, interest rates

Student aid and college costs

Veterinary medicine and animal diseases
Latest action: action_date: 2020-03-09
text: Referred to the House Committee on Education and Labor.

Summaries:
action_date: 2020-03-09
action_desc: Introduced in House
text: <p><b>Veterinary Education and Training Minimizes Educational Debt Act or the VET MED Act</b></p> <p>This bill allows veterinary students who are enrolled in postgraduate training programs or serving in internships or residencies to defer payment on their Federal Direct Loans for up to five years. Loan interest shall not accrue during such deferment. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6134 IN THE HOUSE OF REPRESENTATIVES March 9, 2020 Mr. Schrader (for himself and Mr. Yoho ) introduced the following bill; which was referred to the Committee on Education and Labor A BILL To amend the Higher Education Act of 1965 to provide for interest-free deferment on student loans for borrowers serving in a veterinary internship or residency program.

1. Short title This Act may be cited as the Veterinary Education and Training Minimizes Educational Debt Act or the VET MED Act . 2. Deferment during a veterinary internship or residency program Section 455(f) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(f) ) is amended— (1) in paragraph (1)(A)— (A) in clause (i), by striking ; or ; and (B) by adding at the end the following new clause: (iii) any loan made under this part to a borrower who meets the requirements described in subparagraph (E) of paragraph (2); or ; and (2) in paragraph (2)— (A) in subparagraph (C), in the matter following clause (ii), by striking or after the semicolon; (B) in subparagraph (D), by striking the period and inserting ; or ; and (C) by adding at the end the following new subparagraph: (E) not in excess of 5 years, during which the borrower is— (i) enrolled in a post-graduate training program for veterinarians designed to develop advanced levels of veterinary competency; or (ii) serving in a veterinary internship or residency, as such terms are defined by the American Veterinary Medical Association. .