Student Loan Relief for Service Members
The Deficit Reduction Omnibus Budget Reconciliation Act, passed Wednesday by the House, and awaiting the President's signature, will allow student-loan payments and the accrual of any interest on such loans to be deferred for service members who were called to active duty due to the Iraq or Afghanistan conflicts. This includes National Guardsmen, Reservists called to active duty and regular members of the Armed Forces assigned to a duty station other than their normal assignment.
The bill allows for up to three years of deferment for military personnel mobilized in connection with a war or other military operation or national emergency.
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The Deficit Reduction Omnibus Budget Reconciliation Act, passed Wednesday by the House, and awaiting the President's signature, will allow student-loan payments and the accrual of any interest on such loans to be deferred for service members who were called to active duty due to the Iraq or Afghanistan conflicts. This includes National Guardsmen, Reservists called to active duty and regular members of the Armed Forces assigned to a duty station other than their normal assignment.
The bill allows for up to three years of deferment for military personnel mobilized in connection with a war or other military operation or national emergency.
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posted by Ken MacKenzie at
12:02 AM
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