,i #aafth ,,congress #ast ,session ,h4 ,r4 #daai ,,in ,,the ,,house ,,of ,,representatives ,july #cj1 #bjai,mr4 ,lawson of ,florida 7for himself1 ,ms4 ,tlaib1 and ,mr4 ,vargas7 introduced the following bill2 which was referred to the ,committee on ,education and ,labor ,a ,,bill ,to amend the ,higher ,education ,act of #aife to extend the interest-free grace period certain loans1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,student ,loan ,deferment ,act of #bjai4 #b4 ,interest-free grace period 7a7 ,repayment period 7#a7 ,extension of grace period ,section #dbh7;b77#g77;,a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajgh7;b77#g77;,a77 is amended by striking #f months and inserting #a year4 7#b7 ,perkins ,section #dfd7;c77#a77;,a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;dd7c77#a77;,a77 is amended-- 7,a7 by striking nine months and inserting #a year2 and 7,b7 by striking #i months and inserting #a year4 7b7 ,interest rates ,section #dee7;b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;e7b77 is amended by adding at the end the following3 7#aa7 ,in school and grace period rules ,notwithstanding the preceding paragraphs of this subsection1 with respect to any ,federal ,direct ,stafford ,loan or ,federal ,direct ,unsubsidized ,stafford ,loan made under this part for which the first disbursement is made on or after ,july #a1 #bjbj1 the applicable rate of interest for interest which accrues-- 7,a7 prior to the beginning of the repayment period of the loan2 or 7,b7 during the period in which principal need not be paid 7whether or not such principal is in fact paid7 by reason of a provision described in section #dbh7;b77#a77,m7 or #dbg7;a77#b77;,c71 shall be equal to zero percent4 4