Swayed by repayment programs

December 7, 2009
Back to TopCommentsE-mailPrintBookmark and Share

Last week, two large law schools announced updates to their loan forgiveness programs. The Berkley School of Law at the University of California and Georgetown University Law Center will now cover all law school loan debt for graduates who work in public interest areas for at least 10 years, with some exceptions, of course.


The schools’ programs are working in tandem with the College Cost Reduction & Access Act, the federal program that will forgive loan balances after the borrower has made payments for 10 years. Participants in the federal program have their monthly loan payments capped at around 10 percent of the borrower’s income. The Berkley and Georgetown programs will pay those capped monthly payments until the debt is forgiven by the federal government.


The schools’ programs will pay all capped costs for graduates making up to a certain salary amount – those who exceed that limit will have their loans paid back on a sliding scale.


The announcement from Berkley and Georgetown comes on the heels of news from Harvard Law School that it’s ending its program designed to help students because of overwhelming interest. Harvard launched it in 2008 and it would waive 3L tuition for students that committed to public interest jobs for five years after graduation.


Indiana recently restarted its loan repayment program thanks to funds from the Indiana Supreme Court. Indiana’s loan program is for attorneys working at civil legal aid organizations. The Indiana Bar Foundation’s Loan Repayment Assistance Program had been suspended due to low funds.


The four law schools in Indiana also list information on their Web sites about their respective LRAP programs.


After reading about the Berkley and Georgetown programs, I couldn’t help but wonder if law school applicants interested in public interest jobs would be swayed to attend a school which had a great loan repayment or assistance program like these. A Georgetown law professor was quoted in a news article as saying the school hopes it will attract more applicants with the program.


With a new emphasis on helping graduates with public interest aspirations repay their loans, or have them repaid completely, how much will this impact students going to “Big Law” firms? We hear that some students go to large firms only because of the crushing amount of debt they face after graduation. Will these types of programs cause more to go into public interest jobs because they won’t have to worry as much about their student loans?

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in Indiana Lawyer editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
  1. I work with some older lawyers in the 70s, 80s, and they are sharp as tacks compared to the foggy minded, undisciplined, inexperienced, listless & aimless "youths" being churned out by the diploma mill law schools by the tens of thousands. A client is generally lucky to land a lawyer who has decided to stay in practice a long time. Young people shouldn't kid themselves. Experience is golden especially in something like law. When you start out as a new lawyer you are about as powerful as a babe in the cradle. Whereas the silver halo of age usually crowns someone who can strike like thunder.

  2. YES I WENT THROUGH THIS BEFORE IN A DIFFERENT SITUATION WITH MY YOUNGEST SON PEOPLE NEED TO LEAVE US ALONE WITH DCS IF WE ARE NOT HURTING OR NEGLECT OUR CHILDREN WHY ARE THEY EVEN CALLED OUT AND THE PEOPLE MAKING FALSE REPORTS NEED TO GO TO JAIL AND HAVE A CLASS D FELONY ON THERE RECORD TO SEE HOW IT FEELS. I WENT THREW ALOT WHEN HE WAS TAKEN WHAT ELSE DOES THESE SCHOOL WANT ME TO SERVE 25 YEARS TO LIFE ON LIES THERE TELLING OR EVEN LE SAME THING LIED TO THE COUNTY PROSECUTOR JUST SO I WOULD GET ARRESTED AND GET TIME HE THOUGHT AND IT TURNED OUT I DID WHAT I HAD TO DO NOT PROUD OF WHAT HAPPEN AND SHOULD KNOW ABOUT SEEKING MEDICAL ATTENTION FOR MY CHILD I AM DISABLED AND SICK OF GETTING TREATED BADLY HOW WOULD THEY LIKE IT IF I CALLED APS ON THEM FOR A CHANGE THEN THEY CAN COME AND ARREST THEM RIGHT OUT OF THE SCHOOL. NOW WE ARE HOMELESS AND THE CHILDREN ARE STAYING WITH A RELATIVE AND GUARDIAN AND THE SCHOOL WON'T LET THEM GO TO SCHOOL THERE BUT WANT THEM TO GO TO SCHOOL WHERE BULLYING IS ALLOWED REAL SMART THINKING ON A SCHOOL STAFF.

  3. Family court judges never fail to surprise me with their irrational thinking. First of all any man who abuses his wife is not fit to be a parent. A man who can't control his anger should not be allowed around his child unsupervised period. Just because he's never been convicted of abusing his child doesn't mean he won't and maybe he hasn't but a man that has such poor judgement and control is not fit to parent without oversight - only a moron would think otherwise. Secondly, why should the mother have to pay? He's the one who made the poor decisions to abuse and he should be the one to pay the price - monetarily and otherwise. Yes it's sad that the little girl may be deprived of her father, but really what kind of father is he - the one that abuses her mother the one that can't even step up and do what's necessary on his own instead the abused mother is to pay for him???? What is this Judge thinking? Another example of how this world rewards bad behavior and punishes those who do right. Way to go Judge - NOT.

  4. Right on. Legalize it. We can take billions away from the drug cartels and help reduce violence in central America and more unwanted illegal immigration all in one fell swoop. cut taxes on the savings from needless incarcerations. On and stop eroding our fourth amendment freedom or whatever's left of it.

  5. "...a switch from crop production to hog production "does not constitute a significant change."??? REALLY?!?! Any judge that cannot see a significant difference between a plant and an animal needs to find another line of work.

ADVERTISEMENT