Skip to content

Tags

LIPP

  • LIPP and Public Service Loan Forgiveness FAQ

    March 9, 2023

    Frequently Asked Questions What is Public Service Loan Forgiveness (PSLF)? The PSLF Program forgives the remaining balance on your Direct Loans after you have…

  • Should I Utilize the Federal Loan Forbearance?

    August 1, 2022

    As the federal loan forbearance has been extended through December 31, 2022 questions have arisen regarding the effects on LIPP eligibility if participants choose to…

  • LIPP COVID-19 FAQ

    August 1, 2022

    Below are the most common questions we have received regarding the CARES Act and how it may affect LIPP assistance. The federal loan payment pause

  • LIPP and Location Neutrality

    August 1, 2022

    Prospective LIPP participants are advised to consider that there are regional differences in the cost of living, state and local tax rates, and other personal…

  • Self-Employment

    August 1, 2022

    Graduates who start their own practice or are otherwise self-employed should consult with the LIPP staff about their situation and review the law-relatedness requirement for individuals working…

  • Public Service Venture Fund Recipients

    August 1, 2022

    Recipients of Public Service Venture Fund support are eligible for LIPP and their fellowship amount will be considered their base salary when calculating LIPP benefits…

  • LIPP: Private Sector Employment

    August 1, 2022

    Employment in the private sector is eligible for LIPP so long as the position is law-related. For purposes of LIPP “law-related” is defined as follows: The…

  • Ph.D. Participation

    August 1, 2022

    LIPP offers up to seven years of participation for J.D. graduates who are actively enrolled in a full time Ph.D. program, subject to the following…

  • Judicial Clerkships and LIPP

    August 1, 2022

    LIPP is not intended to cover most judicial clerkships, since graduates who serve as clerks usually proceed immediately to higher-paying positions.* Graduates moving into non-LIPP…

  • Delayed Starts and Firm Sponsored Fellowships

    August 1, 2022

    Graduates who accept full-time employment during a law firm deferral period may be eligible for LIPP assistance based on their type of employmenteligible borrowing,…

  • Mortgage Letters

    July 29, 2022

    LIPP participants often contact our office with concerns about qualifying for a mortgage. Their primary worry is that they will have difficulty getting approved for…

  • Additional Loan Repayment Assistance

    July 29, 2022

    There are several loan repayment assistance and cancellation programs available which can be used in conjunction with, or in lieu of, LIPP. The combination of…

  • Taxability of LIPP

    July 29, 2022

    LIPP assistance with respect to education loans should not be considered taxable income if the participant works for a government agency or a tax-exempt section…

  • Exiting LIPP

    July 29, 2022

    A LIPP participant can exit LIPP at any time, for any reason. Typically, a participant will exit LIPP because they have become ineligible due to…

  • Amount of LIPP Funding

    July 29, 2022

    To maximize LIPP eligibility we recommend all LIPP participants place their loans on a ten year repayment plan while they are receiving assistance. It is…

  • Assets in LIPP

    July 29, 2022

    Assets are considered in determining the amount of a LIPP subsidy for which a participant is eligible. Graduates will receive the following asset protection allowances:…

  • Parental Leave

    July 28, 2022

    LIPP will provide assistance during a parental leave of up to six months per child, following the birth of the child, regardless of whether the…

  • Marriage and Dependents in LIPP

    July 28, 2022

    Graduates who are in legally recognized marriages will be evaluated on the basis of either (1) their own income (if their spouse makes less than…