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Affording to Pay for New School Loans

The thought of going back to school after having been out of school for so long can seem distasteful, especially after you’ve already paid off your college loans just to realize you may have to take out another student loan. It’s hard to stomach the thousands you may end up owing again.

Luckily, there is a new law that has been passed that can make your loan repayment easier than ever before.

What Is This New Law?

The new law is called the College Cost Reduction and Access Act. It just took effect on July 1, 2009, this law was set in place to help make college more affordable by making repayment options simpler.

How Does It Work?

There are a couple of components associated with this law:

If you don’t think you might qualify for this new loan repayment law, you might consider checking with your employer for tuition reimbursement options. This way, you can make it a little easier to afford new school loans.