Loan Repayment Assistance ProgramFordham Law School’s Loan Repayment Assistance Program (LRAP) helps relieve the debt burden of recent graduates by providing financial aid to those who pursue public interest or government service careers. Many of today’s law graduates are faced with law school debt of $100,000 or more. For graduates following the standard 10-year repayment schedule, this results in monthly payments of more than $1,200 for 10 years following graduation. With the median starting public interest salary ranging from $41,000 in civil legal aid, $45,675 for public defenders to $47,435 for prosecutors, these mortgage-size debts deter most graduates from pursuing public service legal jobs. Among those graduates who do take such positions, many—when faced with major life decisions such as starting a family—are forced to leave after two to three years of employment. LRAP Loan repayment assistance can be just the encouragement graduates need to pursue their desired public interest careers. |
