Law Seen as Step to Cut Student Debt Burdens

Publication: Washington Post

Author: Ian Shapira


02/04/2008 - As students confront rising tuition, a new federal law aims to help those who are borrowing more than ever to pay for college. Student aid advocates and higher education experts say the College Cost Reduction and Access Act, signed by President Bush in September, marks a significant but imperfect step toward alleviating college debt.

For the neediest families, the law allows lower-than-ever monthly payments on some federal loans and provides increased Pell grants. And for those who plan on being career prosecutors or who work for nonprofit agencies or in other public service for at least 10 years, the law forgives remaining federal debt.

Read the complete article Law Seen as Step To Cut Students' Debt Burdens on the Washington Post Web site.

Pew is no longer active in this line of work, but for more information, visit the Project on Student Debt Web site or visit the The Project on Student Debt on PewHealth.org.

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