March 31, 2009

College Cost Reduction & Access Act

In 2007, President Bush signed into law the College Cost Reduction Access Act, which provides a new reduced payment formula for all borrowers and loan forgiveness for those in public interest. Many stipulations apply (including specialized loan consolidation), and affect individuals very differently, but Equal Justice Works provides a great set of resources, including a podcast and a blog posting on making sure you employment qualifies for the forgiveness.