Law Center starting loan forgiveness program for grads working in the public sector
The Georgetown Law Center recently announced that it will be starting a loan forgiveness program for graduates who go into the public sector. Now any Georgetown Law alum who does 10 years of work in the public sector in a legal capacity and earns less than $75,000 a year will not have to repay their law school loans.
According to the Law Center’s press release, loan repayments for those working for U.S.-based government or nonprofit organizations will be reimbursed by Georgetown Law, and the remaining principal balance will be forgiven by the federal government.
The money to cover the reimbursement will come out-of-pocket from the Law Center. For public service employees who earn more than $75,000 the Law Center’s benefits would continue on a diminishing basis.