Dear Fellow Law Profs around my age and/or Anyone who graduated law school in early 2000s and works for a non-profit:
According to a Brian Leiter post, “Graduates who perform 120 months of public service (at least 30 hours a week for any federal, state, or local government, or
any 501(c)(3) organization) get forgiveness after 10 years instead of 20 years. ” Is this true? If so, what is the process for loan forgiveness since ten years is or will soon be up?
November 26, 2012 at 4:29 PM
There are a few problems with the forgiveness plan and how it relates to VLS graduates. (1) an applicant has to be in good standing and has to make all of the payments, in full, to be eligible, and (2) a large portion of VLS grads took out private loans – VSAC – which are not eligible for loan forgiveness.
I’ve never been able to give VSAC $1200/month, but I’ve already got 6 years of service (public interest work).
http://www.finaid.org/loans/publicservice.phtml