Rep. Stefanik introduces Military Spouse Student Loan Deferment Act
Congresswoman Elise Stefanik has introduced the Military Spouse Student Loan Deferment Act, bipartisan legislation to allow a military spouse of an active duty service member to defer their student loans for 90 days while they are transitioning through a permanent change of station (PCS) move.
Servicemembers must conduct a PCS move every two to three years in order to meet the needs of their respective branch. Additionally, no accrued interest will be incurred during the loan’s deferment period. Congressman Donald Norcross (D-NJ-1) is co-leading the legislation.“Military spouses sacrifice education, job, and family stability in order for their service member spouse to courageously serve our country,” said Congresswoman Stefanik.
“These spouses deserve for their sacrifice to be recognized and honored. This bipartisan legislation will give military families an added layer of financial protection and peace of mind during transition periods. I am so grateful to our military spouses in the North Country and all over the world, and I will always be their advocate through my work in Congress.”