Intro to LRAP
Berkeley Law maintains a strong commitment to public service-oriented graduates and it is our goal to preserve career choice by removing the student debt barrier.
By integrating our LRAP with the Income Based Repayment (IBR) option and Public Service Loan Forgiveness (PSLF) provided by the federal government’s College Cost Reduction and Access Act (CCRAA) of 2007, the LRAP will grant up to 10 years of support to graduates with federal student loan debt provided that their annual income is no greater than $100,000.
The program is designed to aid Berkeley Law graduates who earned the Juris Doctor (JD) degree and are employed in law related work by either 501(c)3 nonprofit public interest organizations or government agencies. Graduates must apply within three and a half years after graduation. LRAP loans are granted when the graduate submits an application at the end of the loan grace period, assisting participants with all qualified IBR student loan payments to be made for the duration of their 6 to 12 month LRAP contract. At the end of the contract, the LRAP loan will be forgiven (canceled) when the participant demonstrates that he or she has met the loan guideline requirements.
The LRAP will provide support for federal student loans for which the graduate is utilizing the IBR option. Federal student loans include Stafford subsidized, Stafford unsubsidized, and Graduate PLUS loans. Program participants may include federal student loans they obtained prior to attending Berkeley Law and for which they are using the IBR option. Thus, there is no cumulative loan cap for federal student loans.
Visit the LRAP section of our website for more information, such as:
- Detailed eligibility guidelines
- Application process, checklist, and deadlines
- Loan consolidation information
- Great resources for understanding IBR, PSLF, and CCRAA
- IBR Calculator
- LRAP FAQs
- Webcasts on managing student debt