College Cost Reduction Act
The College Cost Reduction and Access Act of 2007 established a new public service loan forgiveness program. This program discharges any remaining debt after 10 years of full-time employment in public service. The borrower must have made 120 payments as part of the Direct Loan program in order to obtain this benefit. Only payments made on or after October 1, 2007 count toward the required 120 monthly payments.
Although Connect2Complete Members are not eligible for this solely based on their participation in Connect2Complete (it is not considered ‘full time’) ORCC chooses to share this information because we think it may benefit members upon completion of their term of service. More information can be found here: http://www.finaid.org/loans/publicservice.phtml
Although Connect2Complete Members are not eligible for this solely based on their participation in Connect2Complete (it is not considered ‘full time’) ORCC chooses to share this information because we think it may benefit members upon completion of their term of service. More information can be found here: http://www.finaid.org/loans/publicservice.phtml
