They say that good education is the right of every human being.
But with the downward slide of the economy, getting a college degree from a reputable school becomes more and more of a privilege rather than a right.
That shouldn't be the case, but the sad fact is, with credit card debt, along with other academic expenses, it is hard to stay in college if you do not have enough money to keep on learning.
The good news is that the College Cost Reduction & Access Act, a program signed by former President George W.
Bush in 2007, is now fully implemented by the Obama Administration.
Designed to give students better access to college and an improved ability to pay off post-education debt, the act and its provisions became active in July 2009.
However, a number of students are still unaware of this program/debt relief and its benefits and the significance it holds in helping them achieve their college degrees.
It is important that students realize the importance of this act as it could potentially erase their debts and let them follow their dreams in their desired line of work.
The College Cost Reduction & Access Act is a two-pronged approach, income-based and public service.
The income-based debt forgiveness depends on your debt-to-income ratio.
The Public service option clears all debts once he or she has provided 10 years of service for nonprofit or governmental organizations.
College education may be expensive, but with debt relief sponsored by the government, there is hope for students to realize their dream and fulfill their potential.
College education can be achieved.
But with the downward slide of the economy, getting a college degree from a reputable school becomes more and more of a privilege rather than a right.
That shouldn't be the case, but the sad fact is, with credit card debt, along with other academic expenses, it is hard to stay in college if you do not have enough money to keep on learning.
The good news is that the College Cost Reduction & Access Act, a program signed by former President George W.
Bush in 2007, is now fully implemented by the Obama Administration.
Designed to give students better access to college and an improved ability to pay off post-education debt, the act and its provisions became active in July 2009.
However, a number of students are still unaware of this program/debt relief and its benefits and the significance it holds in helping them achieve their college degrees.
It is important that students realize the importance of this act as it could potentially erase their debts and let them follow their dreams in their desired line of work.
The College Cost Reduction & Access Act is a two-pronged approach, income-based and public service.
The income-based debt forgiveness depends on your debt-to-income ratio.
The Public service option clears all debts once he or she has provided 10 years of service for nonprofit or governmental organizations.
College education may be expensive, but with debt relief sponsored by the government, there is hope for students to realize their dream and fulfill their potential.
College education can be achieved.