Loan Repayment Assistance Program (LRAP)
The Brooklyn Law School Loan Repayment Assistance Program (LRAP) is available to graduates working in public interest organizations with an IRS 501(c)3 status. Upon graduation, students who enter qualified areas of public interest employment may be eligible for LRAP to assist them with repaying their law school tuition specific educational debt. LRAP provides loan repayment assistance on a semiannual basis to qualified graduates for up to five years.
Public Service Loan Forgiveness
Graduates who work in public service for a period of ten years, who make monthly payments on a consolidated loan with the federal Direct Loan Program, will benefit from the new College Cost Reduction and Access Act of 2007 (CCRAA) and can have their loans forgiven. Please read the CCRAA Facts At A Glance and Public Service Loan Forgiveness Presentation to see if this program might be available to you.
Public Service Loan Forgiveness Limited Waiver Opportunity
On Oct. 6, 2021, the U.S. Department of Education (ED) announced a change to PSLF program rules for a limited time as a result of the COVID-19 national emergency. Throughout the pandemic, ED has provided a variety of benefits to borrowers.
Now, for a limited period of time, borrowers may receive credit for past payments made on loans that would otherwise not qualify for PSLF.
Federal Student Loan Repayment
Review the guidelines on repaying federal student loans, including the grace period, and your rights & responsibilities.
Federal Deferment and Forbearance
Learn more about the possibility of deferring payments or forbearance. If you foresee a change that will temporarily affect your ability to make your payments, contact your lender immediately to see if you qualify. Letting your lender know your situation can help prevent your loan from becoming delinquent or going into default.
Federal Loan Consolidation
Federal Loan Consolidation is the Department of Education’s program for refinancing Federal Student Loans. Consolidation loans can simplify your loan repayment and fix your interest rate for the life of the loan.
Federal Loan Default
If you do not take responsibility and repay your loans on time, they will become delinquent and possibly default. This has serious consequences and will damage your credit rating. Read more about the consequences of defaulted loans.
Other Loan Forgiveness Programs
The Higher Education Reauthorization and College Opportunity Act of 2008 established loan forgiveness and repayment programs that benefit public interest lawyers. Read more about these programs here: