Dental News Archive

  • April 20, 2021

Student loan reform bills circulating

Two student loan reform bills to help offset the financial challenges facing dentists after they graduate are circulating in Congress.


HR 1918, the Student Loan Refinancing and Recalculation Act, would shift federal student loan interest rates downward, delay interest accrual and allow loan payments to be deferred until after the completion of a medical or dental residency.

HR 1918 would also provide economic relief to the next generation of
health care providers by:

  • 
Offering borrowers a chance to refinance their federal student loans when the interest rate on the 10-year Treasury note is lower.
  • 
Eliminating origination fees and instead set future student loan interest rates at the 10-year Treasury note rate, plus 1 percent.
  • 
Delaying student loan interest rate accrual for many low- and middle-income borrowers while they are in school.
  • 
Allowing medical and dental residents to defer payments until after completing their residency programs.


HR 2160, the Student Loan Refinancing Act, would allow new dentists to refinance their federal student loans more than once to take advantage of lower interest rates and better economic conditions. It would also provide multiple opportunities for federal Direct Loan, Direct PLUS Loan and Direct Consolidation Loan borrowers to refinance their loans when the interest rates on the 10-year Treasury note are lower. The refinanced rates would be also fixed, protecting dentists from interest rate hikes when economic conditions are less favorable.