COVID-19 RESPONSE UPDATE To learn more about fall 2021 semester policies and procedures visit COVID-19 Information. Financial Aid We support our alumni through financial aid services We offer loan counseling to assist you with loan repayment issues, and provide information on loan forgiveness programs. If you have any questions or would like to meet with a loan counselor, please contact us at (718) 780-7915 or email finaid@brooklaw.edu. Topics Loan Repayment Assistance Program (LRAP) Public Service Loan Forgiveness Public Service Loan Forgiveness Limited Waiver Opportunity Federal Student Loan Repayment Deferment and Forbearance Federal Loan Consolidation Federal Loan Default Other Forgiveness Programs Loan Repayment Assistance Program (LRAP) The Brooklyn Law School Loan Repayment Assistance Program (LRAP) is available to graduates working in public interest organizations with an IRS 501(c)3 status. Upon graduation, students who enter qualified areas of public interest employment may be eligible for LRAP to assist them with repaying their law school tuition specific educational debt. LRAP provides loan repayment assistance on a semiannual basis to qualified graduates for up to five years. Loan Repayment Public Service Loan Forgiveness Graduates who work in public service for a period of ten years, who make monthly payments on a consolidated loan with the federal Direct Loan Program, will benefit from the new College Cost Reduction and Access Act of 2007 (CCRAA) and can have their loans forgiven. Please read the CCRAA Facts At A Glance and Public Service Loan Forgiveness Presentation to see if this program might be available to you. CCRAA Facts Presentation Public Service Loan Forgiveness Limited Waiver Opportunity On Oct. 6, 2021, the U.S. Department of Education (ED) announced a change to PSLF program rules for a limited time as a result of the COVID-19 national emergency. Throughout the pandemic, ED has provided a variety of benefits to borrowers. Now, for a limited period of time, borrowers may receive credit for past payments made on loans that would otherwise not qualify for PSLF. PSLF Limited Waiver PDF Download Federal Student Loan Repayment Review the guidelines on repaying federal student loans, including the grace period, and your rights & responsibilities. Loan Repayment Federal Deferment and Forbearance Learn more about the possibility of deferring payments or forbearance. If you foresee a change that will temporarily affect your ability to make your payments, contact your lender immediately to see if you qualify. Letting your lender know your situation can help prevent your loan from becoming delinquent or going into default. Loan Deferment Federal Loan Consolidation Federal Loan Consolidation is the Department of Education’s program for refinancing Federal Student Loans. Consolidation loans can simplify your loan repayment and fix your interest rate for the life of the loan. Loan Consolidation Federal Loan Default If you do not take responsibility and repay your loans on time, they will become delinquent and possibly default. This has serious consequences and will damage your credit rating. Read more about the consequences of defaulted loans. Loan Default Other Loan Forgiveness Programs The Higher Education Reauthorization and College Opportunity Act of 2008 established loan forgiveness and repayment programs that benefit public interest lawyers. Read more about these programs here: Loan Forgiveness FOLLOW US Menu Accreditation CARES Act Disclosures Consumer Information COVID-19 Information Employment News & Events Notice of Nondiscrimination Policies & Reports Press 250 Joralemon Street Brooklyn, NY 11201 USA (718) 625-2200 “Brooklaw,” the BLS Seal, and Logo are service marks of Brooklyn Law School. Contents Copyright © 2021. Brooklyn Law School. All Rights Reserved. This site uses cookies to monitor site usage and web traffic, assist with promotional and marketing efforts, and to offer you a more personalized experience. By continuing to use this website, you consent to their use. Continue