« on: February 23, 2008, 07:56:44 AM »
I just want to share this news coming out of Columbia, which I am personally very excited about. Columbia just dramatically improved its Loan Repayment Assistance Program for grads who work for government or in the public interest.
Some key features:
- If you make less than $50,000* a year and do PI/gov work for at least five years, ALL of your law school loan payments during that time will be paid by Columbia.
- The benefits aren't eliminated at $50,000 a year, instead they gradually phase out so that some graudates who make more than that still receive benefits.
- The benefits start to phase in after three years, so even if you bail on public interest then you will still get some benefits.
- There are adjustments for cost-of-living, parental leave, etc.
* The vast majority of public interest attorneys make under this amount.
This is an AMAZING program, and I for one am really excited about it. For lawyers working in the public interest, this could mean a Columbia education without ANY loan payments having to be made. Columbia had the first LRAP program, and now it once again has the best.