To amend the Higher Education Act of 1965 to provide no interest deferment eligibility for certain small business concerns, and for other purposes.

Recent Grads in Start-Ups and Innovation Act This bill amends the Higher Education Act of 1965 to allow a no-interest deferment of federal student loans for a recent college graduate who owns a small business that has at least one employee other than the owner and is located in a qualified opportunity zone.