Should Active Duty Troops Be Able to Defer Student Loans?

May 6, 2014
student loan news
Rep. Carol Shea-Porter (D-N.H.) has proposed legislation that would extend a grace period to enlisted persons with student loans. The proposal applies specifically to members of the armed forces and the National Guard who are in pre-deployment training, allowing them to defer their student loans for up to 180 days while they are preparing for an assignment. Normally, payment of principal on student loans is deferred for service members during their period of service and for 180 days after their demobilization date.

"Service members in pre-deployment training should be concerned with their training and service to the country, not student loans," Shea-Porter said in a statement. "This legislation relieves pre-deployed service members and their families of stress and hardship before putting on a uniform."

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