Loan Repayment Assistance Program (LRAP)
In return for dedicating your career to serving the legal needs of low-income individuals and families in Indiana, the law school can provide you with loans to refinance existing educational debt and to reduce the burden of educational loan payments.
You can apply for the Loan Repayment Assistance Program (LRAP) if you take employment at a qualifying nonprofit organization/governmental agency after graduation. LRAP loans are forgiven as long as you satisfy the employment requirements.
How the LRAP program works
If you qualify, up to 50 percent of your annual student loan payments (up to a maximum LRAP loan of $5,000 each year) can be awarded.
- Loan assistance is paid semi-annually directly to you.
- You submit proof that the LRAP loan was used to pay for covered loans.
- You verify that qualifying employment continued for the duration of the lending period.
- The loan is forgiven.
The total amount of funds available each year for awards may vary.
You become eligible for assistance six months after you graduate from IU McKinney with a J.D. degree. The following eligibility standards apply.
Types of loans covered
Federal Direct Loans including Stafford, Supplemental, Grad PLUS and Consolidation loans, Federal Perkins Loans, and educational loans borrowed through established student loan programs (i.e., Law Access Loans).
If you have delinquent or defaulted accounts, you are not eligible for assistance. Federal Parent Loans for Undergraduate Students (PLUS) and loans borrowed from and/or by family members are also excluded.
You must be employed in full-time, law-related public interest work. Public interest work is defined as employment where the primary purpose of the work is the representation of an individual or group of individuals whose interests, for various economic, political, or social reasons, are not adequately represented.
Examples of such employment include legal services offices, public defenders, prosecutor offices and other appropriate government agencies, and advocacy groups. Judicial clerkship appointments are not considered eligible employment.
Your employer must be a 501(c) (3) organization or the federal, state, or local government.
Qualifying annual salary
You must have an annual household income from all sources at or below $50,000.
Applying for LRAP assistance
Applications are due on July 1 of each year. After the application deadline, the LRAP administrator will award loans to those with the greatest financial need, based on the total amount of funds available.
You will be notified via email of the results of your application no later than thirty (30) days after the program’s application deadline. If you are selected as a participant, you will be emailed further information and instructions.
Assistance from the LRAP must be used to pay for your educational loan debt. Assistance will be distributed in the form of a check equaling one-half of the total annual LRAP loan amount, up to $5,000 each year.
In order to receive the second half of LRAP loan funds, you must submit proof of educational loan payment(s) and qualifying employment during the prior six months.
If you have questions, please contact the LRAP administrator, Sonja Rice, at email@example.com or 317-274-8043.