Loan Repayment Assistance Program

How LRAP Plus Works

 

LRAP Plus: Students talking to each other in Vanderbilt Hall Courtyard

To give the most students the maximum coverage possible, LRAP Plus is made up of two types of repayment plans. Participants can choose the plan that works for them.

LRAP Plus Income-Driven Plan

The LRAP Plus Income-Driven Plan leverages the power of the federal government’s Public Service Loan Forgiveness Program (PSLFP) and is for graduates who want to keep their out-of-pocket costs as low as possible. 

  • Qualified jobs include government positions at the federal, state, local and tribal government level as well as judicial clerkships, positions in legal academia, and 501(c)(3) organizations.
  • You can earn up to $110,000 and have no monthly payment on your law school loans. If you make more, you will have a participant contribution.
  • Your Federal Direct Loans can be fully forgiven via the PSLFP with the lowest overall out-of-pocket expenses possible if you stay with this plan for ten years until completion. 
  • If you choose to explore other career opportunities after three years in the Income-Driven Plan, we offer one-time payment assistance to help you stay on track with your loan payments.
  • The Law School would provide you the benefits of our Traditional Plan (see below) if for any reason the federal government's PSLFP were no longer available to you.

LRAP Plus Traditional Plan

The LRAP Plus Traditional Plan is similar to other law schools and is mostly for those who are not eligible for the Income-Driven Plan.

  • Eligible jobs include those at public interest law firms, public interest self-employment, foreign governments, organizations such as the United Nations and the World Bank as well as jobs covered under the Income-Driven Plan.
  • With the Traditional Plan, you and the Law School both make contributions toward your monthly law school loan payments.
  • You don't need to fit into a narrow salary range to participate in the plan. Graduates making less than $65,000 have no monthly contribution; graduates making more than that will have a participant contribution calculated on a sliding scale.    

Both LRAP Plus plans include: 

  • Benefits for non-law educational debt up to $30,000 in original principal
  • Benefits for Bar Study Loans
  • A dependent allowance of up to $10,000 per eligible dependent
  • The option to defer participation in LRAP for up to two years to start a family, go back to school or handle certain hardships
  • The option to apply for LRAP Plus at any time after graduation

Find out more about how LRAP Plus can work for you