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Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 5:48 pm
by lawlife2010
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!

Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 5:48 pm
by lawlife2010
I am not too familiar with how this works. Do all schools allow the possibility of debt forgiveness if one goes into public service?

Re: Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 5:51 pm
by cavebat2000
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. $$$

Re: Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 5:54 pm
by John J. Rambo, Esq.

Re: Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 9:03 pm
by NU_Jet55
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

Re: Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 9:06 pm
by legalease9
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.

Re: Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 9:12 pm
by holydonkey
To my knowledge, none of the schools in your profile list have an LRAP.

Re: Clarification of Debt Forgiveness

Posted: Sun Apr 04, 2010 10:10 pm
by YCrevolution
..