Clarification of Debt Forgiveness Forum

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Post Reply
lawlife2010

New
Posts: 83
Joined: Tue Feb 16, 2010 1:08 pm

Clarification of Debt Forgiveness

Post by lawlife2010 » Sun Apr 04, 2010 5:48 pm

I am not too familiar with how this works. Do all schools allow the possibility of debt forgiveness if one goes into public service? How is public service defined?
This is probably a dumb question, but I have no idea!

lawlife2010

New
Posts: 83
Joined: Tue Feb 16, 2010 1:08 pm

Clarification of Debt Forgiveness

Post by lawlife2010 » Sun Apr 04, 2010 5:48 pm

I am not too familiar with how this works. Do all schools allow the possibility of debt forgiveness if one goes into public service?
Last edited by lawlife2010 on Sun Apr 04, 2010 9:54 pm, edited 1 time in total.

cavebat2000

Bronze
Posts: 238
Joined: Fri Jan 15, 2010 12:08 pm

Re: Clarification of Debt Forgiveness

Post by cavebat2000 » Sun Apr 04, 2010 5:51 pm

lawlife2010 wrote:I am not too familiar with how this works. Do all schools allow the possibility of debt forgiveness if one goes into public service? How is public service defined?
This is probably a dumb question, but I have no idea!
1. Google "IBR"
2. Google "LRAP" + law school name
3. Google "Public Interest"
4. $$$


User avatar
NU_Jet55

Silver
Posts: 976
Joined: Fri Dec 11, 2009 6:54 pm

Re: Clarification of Debt Forgiveness

Post by NU_Jet55 » Sun Apr 04, 2010 9:03 pm

lawlife2010 wrote:I am not too familiar with how this works. Do all schools allow the possibility of debt forgiveness if one goes into public service? How is public service defined?
This is probably a dumb question, but I have no idea!
Q1) No
Q2) Call the school in question and ask

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


User avatar
legalease9

Silver
Posts: 621
Joined: Tue Mar 23, 2010 8:41 pm

Re: Clarification of Debt Forgiveness

Post by legalease9 » Sun Apr 04, 2010 9:06 pm

NU_Jet55 wrote:
lawlife2010 wrote:I am not too familiar with how this works. Do all schools allow the possibility of debt forgiveness if one goes into public service? How is public service defined?
This is probably a dumb question, but I have no idea!
Q1) No
Q2) Call the school in question and ask
Absolutely correct. Fortunately, the feds will allow total federal loan debt forgiveness after 10 years if you do PI. Plus the payments can be limited to 15 percent of your income.

User avatar
holydonkey

Silver
Posts: 1181
Joined: Fri Dec 18, 2009 1:40 pm

Re: Clarification of Debt Forgiveness

Post by holydonkey » Sun Apr 04, 2010 9:12 pm

To my knowledge, none of the schools in your profile list have an LRAP.

User avatar
YCrevolution

Gold
Posts: 3854
Joined: Sat Oct 25, 2008 1:25 am

Re: Clarification of Debt Forgiveness

Post by YCrevolution » Sun Apr 04, 2010 10:10 pm

..

Want to continue reading?

Register for access!

Did I mention it was FREE ?


Post Reply

Return to “Financial Aid”