- 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 2017 LRAP Application will be available in December 2016 and will be due on 1/27/17.
- LRAP Guidelines for 2017 Applicants
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 2015, Denver Law graduates, who borrowed at least one loan while enrolled, had an average of $132,000 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. Please review the LRAP guidelines for program details.
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 or qualifies as a “JD Advantage” job (judicial clerkships do not qualify)
- Have an income below $75,000
- Be in repayment and not past due on your student loans
LRAP Application Materials
- A completed online LRAP application
- Most recent federal tax return (most likely 2015)
- Most recent W2 forms (2015 or 2016)
- Federal student loan summary (available online at www.NSLDS.ed.gov) – showing all federal loans that you’ve borrowed.
- Monthly Loan Payment Documentation – documentation from your loan servicer(s) of your monthly federal loan payment.
- Private Loan Documentation – if you have private loans, documentation from your lender(s) of the amount borrowed and monthly payment.
- Employment verification from your current employer (should be on letterhead and include dates of employment, salary, and job title)
- 2 letters of recommendation from persons familiar with your commitment to public interest work and your legal skills and experience.
- Personal statement speaking to your interest in a public interest career and need for LRAP funding. Personal statements are generally between 500-750 words.
LRAP Selection Criteria
Due to limited funding, we are not able to award all eligible applicants. In selecting among competing applications, the LRAP Committee:
- Gives preference to Applicants working for non-profit organizations,
- Considers the amount of scholarships received by the Applicant during law school,
- Considers the amount of the Applicant’s law school debt, and, to a lesser extent, any prior educational debt, and
- Considers the Applicant’s demonstrated commitment to public interest law
- 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.
- In recent years, awards have covered between 15%-75% of a recipient’s monthly payments
- Awards are renewable for up to 5 years, provided that you continue to meet employment and income requirements