Two Law Schools Tailor LRAP Programs Around CCRAA

Georgetown and UC Berkeley plan to “dovetail their forgiveness policies” with the College Cost Reduction and Access Act of 2007 for eligible graduates who commit to public service careers, according to the National Law Journal.  Essentially, the schools will cover the graduates’ payment obligations through the CCRAA’s Income Based Repayment (IBR) program for 10 years, at which time their remaining debt could be forgiven through Act’s Public Service Loan Forgiveness provision.  Students who are able to reap the full benefit of these programs should be able to finance their legal educations for free.

Since the CCRAA’s passage, there has been much discussion about the interplay between its repayment and loan foregiveness provisions and those of other programs, whether law-school based, employer based, and so forth.  GULC and Berkeley are placing CCRAA at the center of their LRAP solar systems, and other LRAP programs will revolve around it.

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