Northwestern Law's Loan Forgiveness to Mesh with CCRAA

The ABA Journal reports that the Northwestern University School of Law has become the third law school (Georgetown, Berkeley) to dovetail their public service loan forgiveness program with the College Cost  Reduction & Access Act’s “Income-based Repayment” and “Public Service Loan Forgiveness” provisions.

When regs were being drafted in 2008 to implement the CCRAA, many educational-debt experts wondered how its programs to reduce monthly payments and ultimately forgive the loans of qualifying public service lawyers would interact with the potpourri of differently-structured LRAPs already offered by law schools, state governments, and some employers.  These three law schools have decided that the best solution is to put the CCRAA at the center of things and rework their programs to orbit around it.

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