The Loan Repayment Assistance Program

• Eligible participants can now earn up to $110,000 a year and have no monthly payment on their federal law school loans.
• Non-law educational debt up to $30,000 in original principal is included (on top of a $10,000 allowance for Bar Study Loans).
• LRAP also includes a dependent allowance of $10,000 per eligible dependent.

• NYU Law’s far-reaching program has two plans: one that leverages the power of the federal government's Public Service Loan Forgiveness program (PSLF), and a 10-year plan that is similar to other law schools'. Between them, they cover a wide range of employment including full-time jobs in government, nonprofits, judicial clerkships, legal academia, and some self-employment and for-profit organizations serving the public interest.
• If you stay with the plan that leverages the PSLF program for 10 years until completion, your loans can be fully forgiven with the lowest overall out-of-pocket expenses possible. 

• New participants in LRAP may opt into either of our LRAP plans.
• After three years in the plan that leverages the PSLF program, if you choose to explore other career opportunities, we offer one-time payment assistance to help you stay on track with your loan payments.
• It’s possible to defer for up to two years to start a family, pursue further education, or deal with unforeseen hardship.

NYU Law is committed to covering our LRAP participants now and in the future. If for any reason the PSLF program were no longer available, the Law School would provide PSLF-Driven Plan participants with the benefits of our 10-year plan.