Boston University School of Law provides forgivable loans to a number of J.D. graduates who are within ten years of graduation and who are working full-time in a law-related position that is within a public interest or government organization.
To be considered law-related, the position must utilize the legal training and skills of the graduate and make direct use of their legal education. The Loan Repayment Assistance Committee will consider applications from students employed in the following areas of public interest:
- Non-profit: an organization, qualifying for tax exemption under IRS code sections 501(c)(3), 501(c)(4), or (501)(c)(5), that provides direct legal services to clients who are indigent, disabled, homeless, elderly, juveniles, non-English speaking, deprived of human rights, or members of traditionally underrepresented groups
- Government: includes local, state, or federal government agencies that have as their primary purpose the rendering of legal services on behalf of the public
- Judicial Clerkships:Non-permanent judicial clerkships will not constitute eligible employment. Permanent judicial law clerk and staff attorney positions will qualify as eligible employment.
- Other Non-profit: as determined eligible by the Loan Assistance Grant Committee, although it does not fit into the above categories. (e.g.,. ACLU, Street Law, The Advancement Project, Sierra Club)
In determining whether an organization qualifies as an eligible organization, the Loan Repayment Assistance Committee will also consider the organization’s history and its viability. The Committee determines which jobs meet the eligibility criteria. All decisions of the Committee are final.
To determine how to award available funds to eligible applicants the Committee will consider the following: current income, assets, amount of law school debt, availability of other sources of income, and the nature of work performed. Preference will be given to those performing direct service as set out in section “a” above. Due to the limited availability of funds, it is possible that not every eligible candidate will be able to receive funding.
All Boston University School of Law graduates who are within ten years of their graduation date are eligible to apply; however, preference will be given to recent graduates.
As noted above, grantees will be selected after consideration of several factors, including income, assets, educational debt, year of graduation, dependent responsibility (if applicable), and any special circumstances affecting the applicant's ability to repay outstanding educational debt.
A ratio of debt to income will be the preliminary determinant of grant eligibility. Income will include spouse’s income. Debt shall include institutionally approved educational loans for both undergraduate and graduate education for the student and spouse. Family or personal loans, credit card debt, or loans other than those for educational purposes will not be included in the ratio of debt to income.
Applicants must complete the Application Form and Employer Verification Form and submit them to the Law School Financial Aid Office by December 1. The forms require the following information:
- Employment history, including salary
- Income and asset information, including salary for spouse
- A list of educational debts, including the name of each lender, amount, monthly payment, and repayment term
- A list of spouse's educational debts, subject to verification
- Other documentation as may be requested by the Loan Repayment Assistance Committee.
ALL MATERIALS MUST BE POSTMARKED NO LATER THAN DECEMBER 1.