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Loan Repayment Assistance Materials

Loan Repayment Assistance Program

Virginia Legal Aid Society - 040024

Abstract Number: 040024

March 2004

Virginia Legal Aid Society (VLAS) operates a loan repayment assistance program (LRAP) to help attorneys repay outstanding educational loans that accrued while attending law school. VLAS attorneys are eligible to receive LRAP assistance after completing their first six months of employment with VLAS. Attorneys may receive up to $200 per month in LRAP assistance after paying a monthly $50 copayment. During a participating attorney's first five years with VLAS, LRAP assistance will be provided as loans. Between years five and eleven, each participating attorney will receive a grant as well as incremental forgiveness on outstanding loans and interest as indicated in the chart below.

Year of Employment
Benefit
1
Loan
2
Loan
3
Loan
4
Loan
5
Loan, plus 1/2 of Year 1 loan forgiven
6
Grant, plus 1/2 of Year 1 loan forgiven
7
Grant, plus 1/2 of Year 2 loan forgiven
8
Grant, plus 1/2 of Year 2 loan forgiven
9
Grant, plus Year 3 loan forgiven
10
Grant, plus Year 4 loan forgiven
11
Grant, plus Year 5 loan forgiven
12
and after Grant

If an employee leaves VLAS prior to the employee's loans being forgiven, the employee must reimburse VLAS for the outstanding loan total. To learn more, access the full policy below as a PDF document below.

Contact Information:

David Neumeyer
Virginia Legal Aid Society
513 Church Street
P.O. Box 6058
Lynchburg, VA 24505
Phone: (434) 528-4722
Fax: (434) 528-3571
davidn@vlas.org

Additional Information:

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