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February 01, 2021 Overview of Student Loan Repayment and Forgiveness Options

Student Loan Repayment and Forgiveness

U.S. Department of Education Resources
Student Aid on the Web
Free information on preparing for and funding education beyond high school.

Income-Based Repayment Plan
Information on the IBR Plan for federal student loans, including eligibility requirements and an IBR payment calculator. 

Public Service Loan Forgiveness Program
Details on the Public Service Loan Forgiveness program, which forgives federal loans after ten years of eligible employment and eligible payments.

Pay as You Earn Repayment Plan
If your student loan debt is high relative to your income, you may qualify for the Pay As You Earn Repayment Plan. Most Direct Loans—except for Direct PLUS Loans for parents and Direct Consolidation Loans that repaid PLUS loans for parents—are eligible for Pay As You Earn.

National Consumer Law Center
Student Loan Borrower Assistance

Loan Repayment Assistance Programs (LRAPs)
Law School Based
LRAPs are offered to graduates from over 100 law schools. Eligibility for most, but not all, of these programs is based on the level of your income and public interest employment.

Statewide Loan Repayment Assistance Programs (LRAPs)
LRAPs from states that provide repayment assistance to public interest attorneys. Eligibility and assistance levels vary.

Repayment Assistance for Federal Employees
Repayment assistance for federally insured loans to employees of some federal agencies.

Additional Options for Government and Non-Profit Employees
Military service, AmeriCorps service, and other public service programs provide specific assistance with educational debt.

Lowering the Stakes: How Law Schools Can Help Next Gen Lawyers Take Gamble Out of Hefty Tuition
In this audio program, ABA Journal Podcast moderator chats with our guests about tuition, disclosure and what could and should change about legal education to train the next generation of lawyers without saddling them with crushing debt.