Cancer therapy should qualify as being cause for education loan deferment

Cancer therapy should qualify as being cause for education loan deferment

I happened to be very first diagnosed with cancer tumors once I had been a senior in university, getting ready to get a working work and commence paying down my student education loans. I happened to be fortunate to own college administrators who advocated for me personally, and my loans had been quickly deferred. But some of this 70,000 teenagers diagnosed with cancer every year into the United States aren’t therefore happy. They continue steadily to rack up interest because they put their everyday everyday lives on hold to undergo lifesaving cancer treatments.

That’s why we urge Congress to pass the Deferment for Active Cancer Treatment Act of 2017 this session. This important but under-the-radar bit of legislation will allow cancer tumors patients to qualify under existing laws for education loan deferments as they undergo therapy.

Deferment isn’t brand new. It really is a policy that is well-used enables Americans in unique circumstances to pause making loan re payments — and interest from accruing — on their figuratively speaking. Qualifying reasons behind deferment consist of returning to school, joining the armed solutions, trying to find a work, or becoming completely disabled. Deferment doesn’t suggest you avoid making good on your own debt. To the contrary, it means that you’ll be able to spend down your loan even yet in the face area of pecuniary hardship. Continue reading “Cancer therapy should qualify as being cause for education loan deferment”