Are there any special loan deferment positions for members of the military?
Yes, the College Cost Reduction and Access Act (CCRAA) made several welcomed changes to the military service deferment created by Higher Education Reconciliation Act of 2005 (HERA); see this NASFAA article for more information. Q: Is there any public service loan forgiveness? A: Yes, the recently enacted College Cost Reduction and Access Act (CCRAA) creates a new loan forgiveness option for Direct Loan borrowers who hold public service jobs. FFEL borrowers may take advantage of public service loan forgiveness by consolidating or reconsolidating their FFEL loans into the Direct Loan program; see this NASFAA article for more information. Q: How do I know if a private loan is a good deal? A: Students and families should beware of high interest loan products and deceptive marketing tactics. It is almost always in the best interest of students to explore Federal Student Loan options before applying for private loan products. Purdue students are encouraged to research private student loan op
