Exciting Changes to Texas Law’s Loan Repayment Assistance Program
Exciting changes to the Texas Law Loan Repayment Assistance Program (LRAP) will go into effect September 1, 2020, raising the salary cap so that more graduates will be able to participate in this program.
Since 2009, the Texas Law LRAP has helped hundreds of Texas Law alumni embark on public service careers. LRAP makes available loan repayment assistance, through semi-annual forgivable loans, to eligible Texas Law graduates who are in full-time, law-related work with qualified public service employers. Under the updated LRAP, alumni with incomes up to $60,000 will have their eligible loan payments fully covered, and applicants who earn between $60,000 and $80,000 will be able to receive partial assistance. This marks a significant increase from last year’s $55,000 salary cap.
“We hope these changes will make a meaningful difference to Texas Law alumni and our recent graduates now doing important public service lawyering,” said Assistant Dean of Admissions and Financial Aid Mathiew Le of the raised salary threshold. “And we hope it will incentivize prospective and current students to take a closer look at public service jobs as viable career paths, without as much concern about being able to pay off law school loans on a public service salary.”
Texas Law places a high value on working for the good of society and is committed to helping its graduates who choose a career in public service address potential barriers created by law school debt. To learn more about the Texas Law LRAP, please visit the Texas Law Loan Repayment Assistance Program site.