Comments on: The CCRAA and Law School Loan Forgiveness http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/ Extreme Frugality - How to Live Well on Very Little Thu, 09 Feb 2012 04:12:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andy Hough http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-34509 Andy Hough Sun, 05 Jul 2009 03:19:45 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-34509 Lisa - I am not an expert on this but from what I've read I'm doubtful that teaching English abroad would qualify for the forgiveness program. Here is a link for the <a href="http://ibrinfo.org/what.vp.html#pslf" rel="nofollow">rules regarding the eligible jobs for public service loan forgiveness</a>. Without knowing the details of your job I can't say for sure whether it would qualify but since most foreign teaching jobs are for private employers they wouldn't qualify. When the rules refer to being employed by the government that is probably limited to governments in the U.S. so that wouldn't qualify either but I'm not positive about that. I'd try contacting the Department of Education and see if they could give you a definitive answer. *** I'd like to teach abroad myself so it would be nice if that would qualify. If you taught through the Peace Corps you would qualify but of course you wouldn't make much money. Depending on your situation it might be worth it. Lisa – I am not an expert on this but from what I’ve read I’m doubtful that teaching English abroad would qualify for the forgiveness program. Here is a link for the rules regarding the eligible jobs for public service loan forgiveness. Without knowing the details of your job I can’t say for sure whether it would qualify but since most foreign teaching jobs are for private employers they wouldn’t qualify. When the rules refer to being employed by the government that is probably limited to governments in the U.S. so that wouldn’t qualify either but I’m not positive about that. I’d try contacting the Department of Education and see if they could give you a definitive answer.

*** I’d like to teach abroad myself so it would be nice if that would qualify. If you taught through the Peace Corps you would qualify but of course you wouldn’t make much money. Depending on your situation it might be worth it.

]]> By: Lisa http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-34460 Lisa Sat, 04 Jul 2009 14:28:31 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-34460 Hello Andy (and others!) I have just come across this site and it is quite informative. I am looking into student loan forgiveness options, as well. I am living abroad, working as a Native Speaker English teacher and I am wondering if you have, by chance, heard of any forgiveness programs available for English language teachers who are teaching abroad. My salary has been (and continues to be) modest with teaching English and I feel that it is a form of public service or even "citizen diplomacy", in working abroad and having a chance to share and exchange so much inter-culturally. I would appreciate any suggestions you may be able to provide, in terms of what you have learned in your own searches on this topic. many thanks and all the best to everyone! Lisa Hello Andy (and others!)
I have just come across this site and it is quite informative. I am looking into student loan forgiveness options, as well. I am living abroad, working as a Native Speaker English teacher and I am wondering if you have, by chance, heard of any forgiveness programs available for English language teachers who are teaching abroad. My salary has been (and continues to be) modest with teaching English and I feel that it is a form of public service or even “citizen diplomacy”, in working abroad and having a chance to share and exchange so much inter-culturally. I would appreciate any suggestions you may be able to provide, in terms of what you have learned in your own searches on this topic.
many thanks and all the best to everyone!
Lisa

]]> By: Andy Hough http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-29434 Andy Hough Thu, 09 Apr 2009 04:30:11 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-29434 From what I've read my understanding is that it doesn't matter how much money you're making as long as you are doing what is classified as public service work. The ten years do not have to be consecutive. They are still working on the details of this you might want to check out ibrinfo.org from time to time for updates. From what I’ve read my understanding is that it doesn’t matter how much money you’re making as long as you are doing what is classified as public service work. The ten years do not have to be consecutive. They are still working on the details of this you might want to check out ibrinfo.org from time to time for updates.

]]> By: Ami http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-29428 Ami Thu, 09 Apr 2009 03:06:22 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-29428 Does it matter what your income is after law school--for example if I'm working in public interest but making a significant amount of money? I know you're also a law student doing some personal research, so you may not have all the answers, but I'm looking into this also, and after hearing some negative things about many LRAP Programs, I want to verify a few things. For example, if I went into corporate for a year or two in between I could come back and work for public interest and still ultimately qualify for the CCRA? Does it matter what your income is after law school–for example if I’m working in public interest but making a significant amount of money? I know you’re also a law student doing some personal research, so you may not have all the answers, but I’m looking into this also, and after hearing some negative things about many LRAP Programs, I want to verify a few things. For example, if I went into corporate for a year or two in between I could come back and work for public interest and still ultimately qualify for the CCRA?

]]> By: Andy Hough http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-28103 Andy Hough Wed, 18 Mar 2009 20:05:28 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-28103 I'm not qualified to say whether it would be worth it for him or not. If I understand correctly he would get credit for payments made since Oct 1, 2007 so he would really only have about 8 1/2 years left to qualify for forgiveness. I would check with a lender or someone who knows this better than me though to be sure. I’m not qualified to say whether it would be worth it for him or not. If I understand correctly he would get credit for payments made since Oct 1, 2007 so he would really only have about 8 1/2 years left to qualify for forgiveness. I would check with a lender or someone who knows this better than me though to be sure.

]]> By: Stephanie J http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-28092 Stephanie J Wed, 18 Mar 2009 17:43:53 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-28092 Would it pay for a JAG who has been in the USAF since 2001, and paying on loans since then, to re-consolidate federally for 10 years? The problem is that now that my husband been in for 8 years, he's a Major and the pay is finally catching up to private sector...would he even qualify for reconsolidation and the income-level requirements? Would it pay for a JAG who has been in the USAF since 2001, and paying on loans since then, to re-consolidate federally for 10 years? The problem is that now that my husband been in for 8 years, he’s a Major and the pay is finally catching up to private sector…would he even qualify for reconsolidation and the income-level requirements?

]]> By: Andy Hough http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-24877 Andy Hough Thu, 15 Jan 2009 01:32:30 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-24877 Stacie- That is correct. Thanks for adding that information. Stacie- That is correct. Thanks for adding that information.

]]> By: stacie http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-24865 stacie Wed, 14 Jan 2009 23:10:48 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-24865 The ten years of service do not have to be consecutive and they do not have to be in the same field - you could be a teacher for five and then work at a non-profit for five, etc. The ten years of service do not have to be consecutive and they do not have to be in the same field – you could be a teacher for five and then work at a non-profit for five, etc.

]]> By: Law School Loan Forgiveness and Income Based Repayment : Tight Fisted Miser http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-23301 Law School Loan Forgiveness and Income Based Repayment : Tight Fisted Miser Sat, 13 Dec 2008 18:08:59 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-23301 [...] wrote a post about law school loan forgiveness and income based repayment back in March. At that time both were still proposals but back in [...] [...] wrote a post about law school loan forgiveness and income based repayment back in March. At that time both were still proposals but back in [...]

]]> By: Carnival of Personal Finance #147: Q1 Financial Advice Edition | Personal Finance Blog by Money Ning http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/comment-page-1/#comment-15245 Carnival of Personal Finance #147: Q1 Financial Advice Edition | Personal Finance Blog by Money Ning Mon, 07 Apr 2008 15:03:35 +0000 http://tightfistedmiser.com/2008/03/31/the-ccraa-and-law-school-loan-forgiveness/#comment-15245 [...] Andy from Tight Fisted Miser presents The CCRA and Law School Loan Forgiveness. [...] [...] Andy from Tight Fisted Miser presents The CCRA and Law School Loan Forgiveness. [...]

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