Under certain financial circumstances, LRAP Plus participants may be expected to make a contribution toward the repayment of their NYU Law loans. This is referred to as the Participant Contribution.
The two repayment plans available in LRAP Plus each require a Participant Contribution based on qualifying income. Under each plan, a percentage of a participant’s income may be required to be paid toward the participant’s NYU Law loans. LRAP Plus then covers any difference between the participant’s eligible debt payments and the expected Participant Contribution.
Income-Driven Plan Participant Contribution
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Qualifying Income $110,000 or less $110,001 or greater |
Participant Contribution Zero 40% of the amount over $110,000 |
Traditional Plan Participant Contribution
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Qualifying Income $65,000 or less $65,001 up to $126,000 $126,001 or more |
Participant Contribution Zero $1,200 plus 40% of the amount between $65,000-$126,000 $30,000 plus 80% of the amount above $126,000 |