Student Debt Relief
Student loan debt in comparison with the salary of a public interest attorney is often of concern to both students and alumni. The links below offer advice and information about a variety of programs that exist to offset the educational debt of those who pursue public interest careers.
REPAYMENT ASSISTANCE OPPORTUNITIES
- Loyola's Loan Repayment Assistance Program
Loyola's loan repayment assistance program seeks to ease the education debt of recent graduates who are engaged in full-time public service employment.
- Chicago Bar Foundation Anderson Public Interest Law Fellowship
Through the generous gift of Kimball R. Anderson and Karen Gatsis Anderson, the CBF awards public interest law fellowships to provide loan repayment assistance for outstanding recent law school graduates who are either presently working or who have accepted an offer to work for CBF-funded public interest law organizations.
- The John R. Justice Student Loan Repayment Program
This is a student loan repayment program for borrowers who agree to remain employed by a state or local criminal prosecutor or public defender for at least three years. It allows eligible attorneys to receive student loan debt repayments of up to $10,000 per year with a maximum aggregate over time of $60,000. Benefits are on a first-come, first-served basis. This program is administered through the Department of Justice.
- The Legal Assistance Loan Repayment Program
Passed along with the Prosecutor/Defender Direct Loan Repayment program, this program is administered through the Department of Education and is for borrowers who agree to remain employed as a civil legal assistance attorney for three years. A 'civil legal assistance attorney' includes any attorney who is a full-time employee of a nonprofit organization that provides legal assistance with respect to civil matters to low-income individuals without a fee. Eligible attorneys may receive student loan debt repayments of up to $6,000 per year with a maximum aggregate over time of $40,000. Benefits are on a first-come, first-served basis.
DEBT RELIEF INFORMATION
- Equal Justice Works Student Debt Relief Information
This page has information on student debt relief resources including the Public Service Loan Forgiveness Checklist, the College Cost Reduction & Access Act of 2007, the Higher Education Reauthorization and College Opportunity Act of 2008, and other loan repayment assistance programs.
- EJW Educational Debt Manual
This free manual provides basic information about student loans, repayment options and relief programs such as Income-Based Repayment and Public Service Loan Forgiveness, so you can manage your educational debt.
- Income-Based Repayment (IBR) Info
Income-Based Repayment (IBR) is a new way to make your federal student loan payments more manageable. Additionally, those working for the government or for a nonprofit (501(c)(3)) organization may also be eligible for a new type of public service loan forgiveness after 10 years of eligible payments and employment. Learn more from www.ibrinfo.org.
- The Big Payback: Four Steps Toward Tackling Student Debt
An article from the Fall 2009 Student Edition of The American Lawyer concerning effective ways to manage student loan debt.