Funding Eliminated for Civil Legal Attorney Assistance Repayment Program (CLAARP or CLAAP)
Although the continuing resolution approved by Congress in mid-April increased fiscal year 2011 discretionary spending for the United States Department of Education by $4.21 billion, that money won't be used to assist civil legal aid lawyers struggling with student loans. The increase is needed to maintain the $5,550 maximum Pell Grant for the 2011-12 award year. Discretionary funding for other education programs is $1.25 billion less than for fiscal year 2010. The Department of Ed released detailed program reductions and…
Loan forgiveness action plan all borrowers crave
You know you want it. But how to get started on the right track toward Public Service Loan Forgiveness? Inventory your federal loans Start by looking up your federal student loans on the National Student Loan Data System using your Personal Identification Number. Round up those pesky private student loans You'll find those by pulling your credit report which you should check out about once a year anyway. Check that you qualify to choose Income-Based Repayment Income-based repayment rocks. People working towards Public Service…
One million community college students stuck with risky private student loans
If you have to borrow to pay for college, federal student loans are your best bet. But lots of undergraduate students have no access to federal student loans, because their schools choose not to participate in the federal loan programs. According to a new issue brief from the Project on Student Debt, almost half of all U.S. undergraduates attend community colleges, and many of those students are denied access to the safest and most affordable way to borrow for college – federal student loans. That stinks, because the unavailability…
