Thursday, July 02, 2009

If you don't know this . . . you should



Yesterday was a huge day in the world of student loan and loan forgiveness. On July 1st, The College Cost Reduction & Access Act went into effect. The two portions of this Act which could be of interest to all law students with federal loans includes:




1. Income Based Repayment (for ALL types of employment)


2. Public Service Loan Forgiveness (for public service)




To read all about the Act to see if you qualify and if it makes sense for click on the names of the two programs above. For more information about the differences between the two programs, click HERE.


HINT ... If you have federal student loans, it is worth knowing about this programs!