- Financial Aid Overview for Prospective and Newly Admitted Students
- Tuition and Financial Aid
- Financial Aid Process
- Billing and Financial Aid Refunds
- Financial Literacy and Debt Management
- Graduating Students and Alumni
- The 2014 application will be available on December 16th, 2013
- Due date: January 24th, 2014
The University of Denver Sturm College of Law offers a Loan Repayment Assistance Program (LRAP) to benefit alumni who make a commitment to work in the public interest.
In 2013, Denver Law graduates, who borrowed at least one loan while enrolled, had an average of $130,000 in law school debt. Due to the fact that public interest jobs often pay about one-half of the salary of private sector positions, many graduates feel that they cannot accept public interest positions, for fear that they will not be able to pay their debt. Often, even if graduates take public interest positions upon graduation, they leave the position after a few years, because they just cannot afford to continue at such a low salary.
Income driven plans, like Income-Based Repayment (IBR) and Pay As You Earn, alleviate much of this financial challenge, but the Loan Repayment Assistance Program provides additional assistance with the payments under the Income Driven Plans.
To be considered for LRAP, alumni must submit an application online. The application process is competitive and not all who apply will be approved. Applications for LRAP are collected each year in December and January. To be eligible, alumni must have secured a qualifying job at the time of application.
LRAP Eligibility Requirements
- Graduated with a JD from Sturm College of Law after May 2003
- Currently work in a public service field (government or non-profit) in a position that utilizes your legal skills (judicial clerkships do not qualify)
- Have an AGI below $75,000
- Be in repayment and not past due on your student loans
LRAP Application Materials
- A completed online LRAP application (available in December)
- Most recent federal tax return and W2
- Federal student loan history summary (available online at www.NSLDS.ed.gov)
- Most recent statement from each of your student loan lenders (federal and private)
- Employment verification from your current employer (should be on letterhead and include dates of employment, salary, and job title)
- 2 letters of recommendation that speak to your public service dedication
- Personal statement speaking to your public service dedication
- LRAP award amount are calculated based on a recipient’s annual IBR/PAYE payment. The LRAP Committee strives to provide LRAP funding that will cover as much of a recipient’s monthly payments as possible.
- Awards are renewable for up to 5 years, provided that you continue to meet employment and income requirements
For more information about the LRAP application process and eligibility, please review our LRAP Guidelines.