House OKs Military Student Loan Reprieve

WASHINGTON -- Military personnel could get a reprieve from student loan payments while they are on active duty under legislation approved Tuesday by the House, The Associated Press reported.

The measure gives the Education Department secretary authority to waive rules on repaying loans to ensure that those affected by wars or national emergencies are not put in a worse financial situation. Reservists leaving their jobs could be relieved from making loan payments while they are on active duty.

The bill, which passed 421-1, also would ask colleges to provide a full refund of tuition and fees to students whose schooling is interrupted by military service and to make it easier for those students to reapply for admission when they return from military duty.

“It's important for our colleges, it's important for families, it's important for the men and women in uniform,'' said the bill's sponsor, Rep. John Kline, R-Minn, a freshman lawmaker who served 25 years in the Marines.

Click here for more information on military related assistance.

-- NYSSCPA.org News Staff

Posted on 04/02/03