New Law Helps Public Interest Practitioners

Attorney Mitch, Karyn Rotker, Karen Siettmann, Financial Help Puts Public Interest Careers in Reach,  Wisconsin Lawyer, Vol. 81, No. 10, October 2008, http://www.wisbar.org/AM/Template.cfm?Section=Search&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=74923

The College Cost Reduction and Access Act (CCRAA) helps reduce the financial strain on recent graduates who wish to pursue low-paying public interest jobs. Two helpful sections of this act include income-based repayment (IBR) and loan forgiveness, which can be used separately or together. Those applying for IBR need not be employed in the public interest field and can qualify for a 25 year repayment period. Afterwards, the remaining balance could be forgiven. Those working in the public service field are required to make 10 years of payments before their loans will be forgiven.

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