To amend the Higher Education Act of 1965 to provide for interest-free deferment on student loans for borrowers serving in a medical or dental internship or residency program.

Resident Education Deferred Interest Act or the REDI Act This bill makes student loan borrowers eligible for interest-free deferment on loans under the William D. Ford Federal Direct Loan Program if the borrowers are serving in medical or dental internships or residency programs.