Article Provides Road Map to Improved Law School Loan Repayment Assistance Programs
For many years, student debt has been a major obstacle for public interest–minded lawyers. Law school based loan repayment assistance programs (LRAPs) have helped make public service work a viable choice for attorneys. However, comprehensive LRAPs are expensive and, without adequate funding, most law school LRAPs provide only modest benefits to a fraction of the public interest lawyers struggling with student loans.
If you want to leverage the federal support of the College Cost Reduction and Access Act (CCRAA) to create or improve a law school based Loan Repayment Assistance Program consider this. In their article Coordinating Law School Loan Repayment Assistance Programs with New Federal Loan Repayment and Forgiveness Legislation, Professor Philip G. Schrag and Assistant Dean for Financial Aid Charles Pruett of Georgetown University Law Center offer a road map for those interested in coordinating law school LRAP benefits with the Public Service Loan Forgiveness and Income-Based Repayment Programs established by the College Cost Reduction and Access Act. The authors review the increased debt burden for law graduates and the efforts of law schools to create Loan Repayment Assistance Programs, and identify policy issues for law schools to consider in light of the federal programs. The authors also created a companion calculator that schools may use to project the costs of new or revised LRAP programs.
The passage of the CCRAA should encourage law schools to evaluate their current LRAPs, consider design changes to ensure that LRAP benefits compliment Public Service Loan Forgiveness and Income-Based Repayment benefits, and recognize the importance of a continued commitment to preserving or enhancing LRAP funding.Back to
For media inquiries, please contact:
Recent blog posts
- 2012 Equal Justice Works Fellow Ashley Grant Contributes to Report Highlighting Unique Needs of Over-age Middle Schoolers
- 2013 Equal Justice Works Fellow Michaela Wallin Helps Strike Law Targeting Domestic Violence Victims
- Hispanic Heritage Month: Justice Sonia Sotomayor on Practicing Service with the Law
- Join a Community of Public Interest Lawyers Across the Nation!
- Gabriella Barbosa (’13) Advocates for English Learners in Los Angeles
- Corey Prachniak (’13) Advocates for Equal Access to Healthcare for the LGBT Community
- AmeriCorps Celebrates 20th Anniversary: A Tribute to our AmeriCorps Legal Fellows Providing Disaster Relief
- AmeriCorps Legal Fellow Rebecca Miller (‘13) Serves Nation’s Low-Income Veterans and their Families
- Laura Huizar (’12) Protects Job Seekers From Employment Agency Abuse in New York City
- Doug Smith (’13) Helps Low-Income Residents and Entrepreneurs Access Opportunities in a Changing Urban Landscape