The American College of Radiology® (ACR®) recently joined other physician organizations to voice support for the Resident Education Deferred Interest (REDI) Act, introduced by Sens. Jackie Rosen (D-NV) and John Boozman (R-AR). The ACR supported the previous REDI Act in the 116th Congress.
The REDI Act would pause principal loan repayment and student loan interest accrual for medical and dental students during their residencies and internships. It would save medical and dental residents thousands of dollars in interest and reduce a significant financial burden for radiology residents who typically pursue at least one fellowship and are often unable to begin repaying student debt immediately.
Relieving the burden of those considerations will help address the physician shortage by encouraging students to pursue careers in medicine by making financial burdens generated during their education easier to manage, aid in leveling the playing field between disparate practice settings and ultimately improve patient access to quality care.
The ACR will continue to monitor the legislation. For more information or if you have questions, contact Rebecca Spangler, ACR Senior Government Affairs Director.