House Passes Bill to Defer Student Loan Payments
The House of Representatives today passed a bill that would defer student loan payments for those on active duty in the military. The bill passed 421-1.
Who voted against this and why? This is a no-brainer to us. We're only sorry the alternative version was defeated. It would have deferred interest accrual on the loans as well as payments while on active duty.
The bill also requests colleges to refund tuition to those who paid and got called up--and to make it easier for the students to re-enter when their military service is over.
The bill is H.R. 1412, which now moves on to the Senate.
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