1. Short title This Act may be cited as the Relief and Investment for Student Entrepreneurs Act or the RISE Act . 2. Deferment of Federal student loan payments for qualified entrepreneurs Section 455(f) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(f) ) is amended— (1) in paragraph (1)— (A) by striking or at the end of subparagraph (A)(ii); (B) by striking the period at the end of subparagraph (B) and inserting ; or ; and (C) by adding at the end the following: (C) notwithstanding subparagraphs (A) and (B), in the case of a deferment described in paragraph (2)(E), shall not accrue. ; (2) in paragraph (2)— (A) in subparagraph (C), by striking or at the end; (B) in subparagraph (D), by striking the period at the end and inserting ; or ; and (C) by adding at the end the following new subparagraph: (E) subject to paragraph (5), not in excess of 3 years during which the borrower is a qualified entrepreneur. ; and (3) by adding at the end the following new paragraph: (5) Deferment for qualified entrepreneurs (A) Definition of qualified entrepreneur For the purpose of this subsection, the term qualified entrepreneur means a borrower who— (i) receives a degree from an institution of higher education during the 10-year period ending on the date on which the borrower requests a deferment under paragraph (2)(E); (ii) registers at least 1 business entity in a State during the 18-month period ending on the date on which the borrower requests a deferment under paragraph (2)(E); (iii) raises capital investment of not less than $15,000 for such business entity