Loyola University Chicago

- Navigation -

Loyola University Chicago

JD Admissions

School of Law

Loan Repayment Assistance Program (LRAP)

Loyola University Chicago School of Law is pleased to announce the 2013 Loan Repayment Assistance Program (LRAP) to ease the educational debt burden for its recent graduates who are engaged in full-time public service employment.  In keeping with Loyola University Chicago’s Jesuit tradition of encouraging students to be of service to others, LRAP allows the Law School "to provide significant support for our alumni with high educational debt burdens to fulfill their aspirations for public interest careers," according to Dean David Yellen. In 2012, twenty-five alumni were awarded LRAP benefits.

Any J.D. graduate of Loyola University Chicago between January 2008 and May 2012 may apply for LRAP benefits.  Awardees can receive up to three years of awards within the five years after their graduation.  Eligibility for assistance will be based on the applicant’s status in calendar year 2013. A complete application package is available for download and includes the application form, employer verification form(s), documentation of principal balances of educational loans, and a brief personal statement.

Assistance awarded under the LRAP program is in the form of a loan, issued pursuant to the terms of a promissory note, to refinance educational debt.  If the awardee continues to meet all eligibility criteria through the end of calendar year 2013, the loan will be canceled after submission of copies of 2013 federal income tax returns(s) and all other required certifications.

To be eligible for LRAP assistance, an applicant must be employed full-time for at least 9 months of 2013 in qualified public interest employment.  No person who has been employed by Loyola University Chicago in any capacity (part-time or full-time) in 2013 is eligible for LRAP assistance for the months that (s)he was employed by Loyola University Chicago. 

To be eligible for LRAP assistance, an applicant’s total educational debt must be more than $65,000 as of October 1, 2013. Also, annual compensation from qualified employment must be $68,000 or less in 2013. For single persons, adjusted gross income for federal income tax purposes in 2013 must be less than $70,000. Total adjusted gross income for married applicants must be less than $100,000. Adjusted gross income can increase $18,000 for each dependent.

Applications must be received by November 1, 2013.

Application Instructions

LRAP Application for Award Year 2013

Employer Verification Form

LRAP Frequently Asked Questions

Career Prospects

Links to other loan repayment assistance programs:

Loyola

SCHOOL OF LAW OFFICE OF ADMISSIONS & FINANCIAL AID
Philip H. Corboy Law Center · 25 E. Pearson Street Suite 1208 · Chicago, IL 60611 · 312.915.7170

Notice of Non-discriminatory Policy