Created in 1987, the USC Gould LRAP was one of the first amongst a small group of law schools to create a loan repayment assistance program for JD graduates. USC Gould LRAP has remained competitive with its peer schools in providing a generous and comprehensive LRAP.
Created to aid in supporting USC Gould JD graduates with the following goals in mind:
The following are some of the key eligibility requirements:
|Income up to $70,000||Income greater than $70,000|
|Receive 100% LRAP assistance||40% calculated contribution for difference greater than $70K|
|Amount of Time in Qualifying Employment||Percentage of LRAP Loan to be Repaid||Percentage of LRAP Loan Forgiven|
|One Year or More; Fewer than Two||80%||20%|
|Two Years or More; Fewer than Three||50%||50%|
|Three Years or More; Fewer than Four||20%||80%|
|Four Years or More||0%||100%|
The LRAP year runs from October 1 to September 30 and a new application for assistance is required annually. You may view the application and guidelines here.
Equal Justice Works provides Student Debt Resources to include factsheets, pamphlets, free interactive webinars, and other information about managing student loan debt, along with loan repayment assistance and forgiveness programs.