1. Short title This Act may be cited as the Deferment for Active Cancer Treatment Act of 2017 . 2. Student loan deferment for borrowers receiving cancer treatment (a) Direct Loans Section 455(f) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(f) ) is amended— (1) by redesignating paragraphs (3) and (4) as paragraphs (4) and (5), respectively; and (2) by inserting after paragraph (2) the following: (3) Deferment for borrowers receiving cancer treatment (A) Effect on principal and interest A borrower of a loan made under this part who meets the requirements of subparagraph (B) shall be eligible for a deferment, during which periodic installments of principal need not be paid, and interest shall not accrue. (B) Eligibility A borrower of a loan made under this part shall be eligible for a deferment during— (i) any period in which such borrower is receiving treatment for cancer; and (ii) the 6 months after such period. (C) Applicability This paragraph shall apply with respect to loans— (i) made on or after the date of the enactment of this paragraph; or (ii) in repayment on the date of the enactment of this paragraph. . (b) Terms of Federally Insured Student Loans Section 427(a)(2)(C) of the Higher Education Act of 1965 ( 20 U.S.C. 1077(a)(2)(C) ) is amended— (1) in clause (ii), by striking ; or and inserting a semicolon; (2) in clause (iii), by inserting or after the semicolon; and (3) by inserting after clause (iii) the following: (iv) in which the borrower is receiving treatment for cancer and the 6 months after such period. . (c) FFEL program Section 428(b)(1)(M) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b)(1)(M) ) is amended— (1) in clause (iii), by striking or (II); or and inserting a or (II); ; (2) in clause (iv), by inserting or after the semicolon; and (3) by adding at the end the following: (v) during which the borrower is receiving treatment for cancer and the 6 months after such period