New laws could mean you pay less on your student loans - or those loans could be forgiven. It's part of the College Cost Reduction Act of 2007. What loans are eligible? And who can apply? This week Steve Murrell with The Missouri Bar explains the new student loan repayment and forgiveness programs, and how they can work for you. (Internet Explorer users click twice.)
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Here are some Web sites that can also help you find out if you qualify:
Visit the National Student Loan Data System (NSLDS) at www.nslds.ed.gov to view all or your federal student loans.
Equal Justice Works http://www.equaljusticeworks.org/resource/ccraa
Read the law review article authored by Georgetown Professor Phil Shrag that provides detailed descriptions of IBR and Loan Forgiveness for Public Service Employees: http://www.law.georgetown.edu/news/documents/Forgiveness.pdf.
Use the IBR monthly repayment calculator: http://www.finaid.org/calculators/ibr.phtml
Use the ICR monthly repayment calculator: http://www.finaid.org/calculators/icr.phtml
Federal direct consolidation loan information and applications: http://loanconsolidation.ed.gov/
Committee on Education and Labor US House of Representatives
http://edworkforce.house.gov/micro/ccraa.shtml
National Association of Student Financial Aid Administrators
Summary of the College Cost Reduction and Access Act (HR 2669)
http://www.nasfaa.org/publications/2007/G2669Summary091007.html
National Association of Student Financial Aid Administrators
Frequently Asked Questions Regarding Public Service Loan Forgiveness
http://www.nasfaa.org/PDFs/2007/FAQPublic.pdf
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Posted by: RossAmie23 | February 27, 2010 at 02:58 PM