Was this a consideration for those of you in law school or is this a consideration for those of you thinking of applying? Just bear in mind the fact that you are more likely to make less than $50,000 than you are to make over $100,000, with a debt burden equal to a pretty decent mortgage. There are some federal and state-funded loan forgiveness for those who go into public interest, which will help with those loans. Some law schools also offer assistance; please contact your Financial Services office to see if your law schools offers such programs. Below is more information about additional loan forgiveness options.
- The College Cost Reduction and Access Act of 2007 created new loan forgiveness options. For more specific, please check out the following sites: www.equaljusticeworks.org , www.finaid.org , and www.ibrinfo.org.
- Individuals, under certain income caps, who pay interest on a student loans may be able to deduct up to $2,500 of the interest paid.
- Some Federal agency employees might be eligible for loan repayment assistance. For more information, check out the Office of Personnel Management's loan assistance website: www.opm.gov/oca/pay/studentloan/index.asp.