U.S. Congress - H.R.1615 Medical Economic Deferment for Students (MEDS) Act
H.R.1615 - Medical Economic Deferment for Students (MEDS) Act
To amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship. view all titles (2)
All Bill Titles
- Official: To amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship. as introduced.
- Short: Medical Economic Deferment for Students (MEDS) Act as introduced.
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Latest Action May 14, 2009Referred to the Subcommittee on High... Related Bills (0) & Issues (5) Users Tracking H.R.1615 (1)
Official Summary
3/19/2009--Introduced.Medical Economic Deferment for Students (MEDS) Act - Amends the Higher Education Act of 1965 with respect to the meaning of economic hardship under the Federal Family Education Loan or Perkins Loan and related loan insurance programs. Considers borrowers under such programs to be suffering economic hardship if they are working full-time, have a federal educational debt burden equal to at least 20% of their adjusted gross income, and the difference between their adjusted gross income minus such debt burden is less than 220% of the greater of:(1) the annual earnings of an minimum wage earner; or
(2) 150% of the poverty line applicable to their family size.
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Recent Blog Coverage
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Medicalstudentdebt.org: American Osteopathic Ass'n CEO talks about ...
He also mentioned an interesting act - Medical Economic Deferment for Students act (aka the Meds act HR 1615 and senate bill 646)- which I believe lead to the creation of the Income Based Repayment plan. Unfortunately the bills he ...
AOA President's Blog » Answer Regarding Soaring Medical Student Debt
-Pushing for the enactment of the Medical Economic Deferment for Students Act (S 646/HR 1615), which aims to postpone loan repayments during postdoctoral training for those who meet loan and income criteria ...
Changes to Student Aid 7/1/2009 â Getting Your Financial Ducks In ...
This could be extended if HR 1615, Medical Economic Deferment for Students Act is passed. The Higher Education Opportunity Act (HEOA) provides for maximum Pell Grant eligibility to a student whose parent or guardian was a member of the ...
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