Help!! I need information about College Cost Reduction and Access Act, public service loan forgiveness?

I need information about the new CCRAA and the public service loan forgiveness; the one where you work 10 years in a public service job to forgive the 120 loan payments. I have been searching the internet for the last few weeks. All I can find out is information about it. No where will tell me how to apply fo the loan, where I get it, or anything like that. I even went to my college's Financial Aid office, and they couldn't help me. I know it is a very new act and everything, but there has to be something out there that says how to get it.

It is not "work 10 years in public service to forgive the 120 loan payments." You have to make 120 months (10 years) worth of ON TIME payments while working in public service to have the remaining balance of your loan forgiven.

No one can tell you how to apply for the loan because it is not a loan. I believe that no one can tell you how to get "into" this program as well because it is not in effect yet. I imagine that there will be an application on the department of education or Direct Loan website when it is available.

Please read the article below, it is a good explanation of the program.

Tags

　　Meeting Room 　　Meeting Space 　　Conference Room 　　Offices to Lease 　　Rent Offices 　　Business Centers 　　Service Offices 　　Branch Offices 　　Temporary Offices 　　Shared Offices 　　Commercial Space 　　Office Space

Related information

Will the Post Office USPS be open on New Years Day January 1 ? United States Postal Service. Ship. Holiday.?

No because it is a goverment business and they all close for major holidays.Everyone knows this .Read your local newspapers for holiday closings.

...

How to Best Deal with A high pressure Customer Service Position?

I was in your situation. It sounds corny but was extremely helpful to me. I set small goals for myself all day long as to how many calls I could take. I'd set hourly goals and try to beat them...

Why can't the Philippine SSS offer loan service to SSS pensioners?

Hello, This is Mr Chris Peters.I am a loan leder who give out loan at low interest rate of 3% to 5%.Are you financially down?Do you need help to pay your bills?If yes,contact me today for your...

I live in Oregon. Someone in California, added to my Sprint telephone service. I'm the only one on the cont

I work at cingular and unfortunately, the rules are very liberal. Scary even. Call customer service, and they should be able to note that they need to ask for your password and that only you can ma...

Is there any moving company in the north Aamericas that provides excellent service during the summer?

Kentucky Moving may be the best overall moving company whose quality is assured during the summer season. They provide a high quality shipping service starting from April to the end of August, excl...

I am looking for a new but economical computer and Internet service that is good but cheap what should I get?

You should look into a Linspire. They're around $150 at places like Fry's or tigerdirect.com. They run on a flavor of Linux tho. That's why they're so cheap. You're not pay...

At this point of history should women be included in selective service?

They say equality but that's not what they want. Equality when requested has never meant equal. Yes they should be selective service required, it would be a step closer to equal. Women should ...

Has anyone ever used the paypal or ebay label mailing service?

well I sold tons of stuff on ebay. The best thing to do is get on ebay and invest in a postal scale. It's very cheap there are tons of them on ebay. It will be worth your while. If you put...