The federal College Cost Reduction and Access Act (CCRAA), signed into law in September 2007, allows many law school graduates to make lower monthly payments on federal loans, with those who go into public service legal careers eligible for full federal loan forgiveness after making payments for 10 years.

Every year, more than 25 percent of Northeastern University School of Law’s graduating class accepts employment in the public sector. Committed to supporting graduates pursuing careers in public interest law, Northeastern University School of Law played a significant role in helping to organize support from law schools and politicians for this legislation.

CCRAA places an annual ceiling on loan payments for borrowers with high educational loan obligations compared to their incomes, thereby enabling new lawyers to make more affordable monthly payments. It also guarantees that after 10 years in public service, the federal government will forgive the remaining obligation on the consolidated federal debt. The Act defines public service jobs quite broadly to include lawyers in both government and “public interest law services (including prosecution or public defense or legal advocacy in low-income communities at a nonprofit organization).” Only federal loans are eligible.

The law school also offers the Loan Deferral and Forgiveness Program all of its graduates in public interest careers.

For more information on the CCRAA, go to:
The SmartStudent Guide to Financial Aid
Equal Justice Works Resources: CCRAA