Tax Benefits and Q&A Regarding Public Service Loan Forgiveness

Tax Benefits for Students

As a student, you may be eligible for certain tax benefits. To find out more—and to see how your current income, financial aid, loans, and work-study all affect your taxes—visit irs.gov and read the section about students:
http://www.irs.gov/individuals/students/index.html

The National Association of Student Financial Aid Administrators also provides a helpful guide on tax benefits for parents and students. To access this information, visit the Tax Breaks for Higher Education section of the NASFAA website.

Q&A Regarding Public Service Loan Forgiveness

(College Cost Reduction and Access Act of 2007)

On Thursday, September 27, President Bush signed HR 2669, the College Cost Reduction and Access Act of 2007.  It includes a revised loan forgiveness program which may affect a number of our Pace Law students. This link, provided by the National Association of Student Financial Aid Administrators (NASFAA), is helpful information on how to qualify for loan forgiveness.