Law School Discussion

Which schools have pretty good LRAPs?


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Which schools have pretty good LRAPs?
« on: October 20, 2008, 11:33:40 PM »
pretty self explanatory.. I looked around abit, and it seemed that Michigan had a good one, and Vanderbilt's sucked, at least in comparison to Michigan.

Re: Which schools have pretty good LRAPs?
« Reply #1 on: October 21, 2008, 12:23:45 AM »

This seemed to be a good source.  BC, BU, GW, Washington & Lee, William & Mary links are broken.

Gist:  The school will pay up to 100% loan forgiveness for gross income below $25,000; 50% forgiveness at $40,000; and 26% forgiveness at $48,000.  Gross income limit 55,000.  Minimum ug+ls loan $20,000.  Government or 501(c)(3) PI jobs qualify.  Clerkships do not. 
more details:

Gist: 5 Year LRAP, maximum $7,000/year.  501c3 PI jobs qualify, government jobs and clerkships do not.  Max income upon entering LRAP program is 53,105.  Maximum income rises each year, cap is 63,600 in the fifth year.  LS loans must equal or excede the maximum Stafford loans available.  (I think 61,500 right now?) 
more details, click LRAP Handbook: