LIPP offers up to seven years of participation for graduates who are actively pursuing a PhD, subject to the following terms:
- This coverage is intended for those JD graduates pursuing a separate PhD after the completion of their JD, not for those enrolled in any joint or concurrent JD/PhD programs.
- PhD participants must seek and accept any loan deferments for which they qualify during the first two years of their Ph.D. program (generally, federal and Harvard loans can be deferred while completing required course work and enrolled at least half-time). LIPP will cover the payments on any eligible loans that can’t be deferred as if the participant was working in a full-time LIPP-eligible job; the loan must be placed on an extended repayment term. Loans which no longer qualify for in-school deferment or forbearance due to consolidation are not eligible for assistance during the first two years of the PhD.
- After the two years of deferment, LIPP will cover all LIPP-eligible loans as if the participant was working in a full-time LIPP-eligible job. Interest that accumulates on eligible loans during the two years of in-school deferment is eligible for LIPP assistance.
- PhD participants must document continued active status in their degree program at each application cycle for LIPP. Graduates on indefinite leave from a Ph.D. program are not LIPP eligible unless they work in a LIPP-eligible job during that time. A temporary leave for research and writing purposes is permissible with documentation of active Ph.D. candidacy status and approval by the LIPP Office.
- If participants change their course of study or changes the school at which they are studying, despite the fact they may chronologically be in their third year of Ph.D. studies, participants must show verification they are considered (by their current academic institution and advisor) to be in the third year of the program in which they will receive their PhD.
- Any income earned while working toward a PhD. (such as pay for teaching, etc) is considered income for LIPP purposes.
- Participation in masters degree programs or other non-PhD degree programs is not covered under LIPP. Graduates participating in such programs should take advantage of loan deferment and forbearance options.
Graduates with questions about Ph.D. participation in LIPP should consult with the LIPP staff.