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The federal Public Service Loan Forgiveness Program, established by Congress in 2007, offers debt relief to graduates employed in public service. The program serves graduates from many types of U.S. institutions, including law schools. PSLF provides an incentive for individuals who make long-term commitments to employment in public-interest fields. After a law school graduate has made 120 separate monthly payments toward his loans while employed with a qualifying, public-interest-law employer, the program will forgive the remainder of the individual's federal loans. PSLF covers loans incurred under the current direct loan program, as well as previous types of federal loans consolidated into an individual's direct consolidation loan.

Attorneys can also seek state-specific programs in their own states. Some state bar associations, as well as other state and local organizations, offer loan repayment help for public-interest lawyers. To receive assistance, law school graduates must work for qualifying employers such as legal aid offices or government agencies in the state. Some programs, including the State Bar of Texas loan repayment assistance program, specifically require that applicants work for organizations providing a certain percentage of their services to low-income clients. When lawyers stay with non-profit work due to improved loan repayment prospects, states benefit from their increased commitment to long-term employment with organizations that serve the public.

How to Pay Medical School Debt

Non-Profit Debt Forgiveness Tax Consequences

Certain types of college and graduate students in the medical and legal fields may be eligible for student loan forgiveness. Forgiveness.

Some school grants and scholarship programs can be retroactive. The Student Loan Repayment Program is a great incentive offered to many.

Work full time for a public service employer while you make the. or fields for at least five consecutive years and.

Non-Profit Debt Forgiveness Tax. can bring many intangible benefits as well as eligibility for student loan forgiveness. Lawyers Serving the.

Law schools forgive a graduating law student s loans if she serves in a nonprofit or public position. The Best Way to.

Law School Student Loans. Law under the Higher Education Act governs the statute of limitations for the collection and repayment.