Source: Kathy Kristof, Los Angeles Times ( Free Registration )

If you’re facing years of student loan payments but aren’t making much money because you’re working in public service, the federal government has some good news for you. A law that takes effect Tuesday could allow you to have some of your college debt forgiven.

The debt-forgiveness provision of the College Cost Reduction and Access Act, enacted last fall, is designed to encourage college graduates to enter - and stay in - public service careers that many people might spurn in favor of better-paying jobs. Here’s how it works:

The program will erase any student loan debt - including principal and interest - that a public service worker has after making monthly payments for 10 years.

Read Full Article: Public service can wipe out student loans