Fordham Law graduates of the Class of 2009 onward have the unprecedented ability to take advantage of important resources to enable them to pursue careers in public service work, regardless of educational debt. The staff of the Law School’s Financial Aid Office include national experts and advocates in the area of loan repayment assistance. They are available for individual counseling sessions with students and alumni.
- The College Cost Reduction and Access Act of 2007 (“CCRAA”) provides for lower monthly student loan payments on federally guaranteed student loans and cancels remaining debt for public servants after 10 years of public service employment.
- Fordham’s own Loan Forgiveness Programs: Fordham recognizes that student debt may impact job choice and offers two post-graduation loan relief programs. Fordham Law Loan Repayment Assistance (LRAP) provides benefits to graduates working with non-profit organizations, subject to qualifying requirements. The Revolving Loan Forgiveness Program provides benefits to graduates working with the government and non-profit organizations, subject to qualifying requirements. Both programs supplement the benefits of the CCRAA.
- Some public service employers provide their own loan repayment programs.
A list of Legal Services Corporation organizations with employer LRAP is available at http://www.lri.lsc.gov/sitepages/management/management_lrap.htm
A list of federal agencies with employer LRAP is available at http://opm.gov/oca/pay/studentloan/index.asp