5 Things You Need to Know about NYU Law’s LRAP
1. Our LRAP is one of the largest and most inclusive programs of any law school. It covers full-time jobs in federal, state, and local government and nonprofit organizations, as well as judicial clerkships. Under certain circumstances, you can even be self-employed or work at for-profit organizations.
2. You can earn up to $80,000 a year and have no monthly loan payment at all. NYU Law keeps your out-of-pocket costs low by integrating LRAP with the federal government’s income-based repayment plans. If you stay with Integrated LRAP until completion (120 eligible months), your loans will be fully forgiven under the federal Public Service Loan Forgiveness Program (PSLF) Program. Those who do not qualify for the income-based integrated plan may be eligible for our Standard 10-year LRAP.
3. If you make a career change, our one-time payment assistance can protect you. At NYU Law, if you choose to explore other career opportunities after three years in Integrated LRAP, we offer one-time payment assistance to help you keep on track with your loan payments.
4. Our LRAP covers bar study loans up to $10,000 and computer purchases up to $2,000. And our Standard LRAP even covers the private educational loans of students who are ineligible to take out federal student loans.
5. NYU Law’s LRAP lets you take time off if you need it. It’s possible to defer for up to two years to start a family, pursue education, or deal with unforeseen hardship.