Tags
LIPP
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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…
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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…
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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…
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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…
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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…
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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 employment, eligible borrowing,…
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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…
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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…
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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…
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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…
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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…
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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:…
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Parental Leave
July 28, 2022
LIPP will provide assistance during a parental leave of up to six months regardless of whether the leave is approved by an employer or the…
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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…
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Participant Contribution
July 28, 2022
Student loan repayment is considered to be the financial priority of LIPP participants. Participants allocate, according to the Participant Contribution formula, a limited percentage of their…
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Eligible Refinancing and Consolidation
July 28, 2022
Consolidation and refinancing can be a beneficial way to reduce the overall and monthly costs of your educational borrowing. For this reason, so long as…
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Eligible Borrowing
July 28, 2022
LIPP Eligible Borrowing Eligible borrowing includes annual law school education loans certified by HLS Student Financial Services, up to the approved student financial aid budget minus…
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Eligible Employment
July 28, 2022
LIPP is available for Harvard Law School JD Program graduates who work in any job for a government, public sector or academic organization (nonprofit only)…
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LIPP Policies
July 28, 2022
LIPP policies are reviewed annually and are in place to ensure the equitable disbursement of funding. All aid programs described in this web site depend on…
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Lender Certification Requirements
July 27, 2022
It is the responsibility of all applicants to provide an accurate record of their educational loan debt and annual repayment obligations. As part of the…
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Document List for Those Exiting LIPP
July 27, 2022
Step 1: LIPP Online Application LIPP Online Application: The Online LIPP Application may be accessed via the SFS Self-Service Portal and can be saved and completed over multiple…
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Document List for Renewing Participants
July 27, 2022
Before your LIPP funding can be calculated and disbursed, we must have a complete application. A complete application includes the online application and ALL supporting…
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Document List for New Participants
July 27, 2022
LIPP eligibility for new applicants is determined on a rolling basis. There is no deadline for new applications, although it is important to remember we…
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Lender Contact Information
July 27, 2022
Below you will find links to the most common loan providers for LIPP participants. We have also included some tips for how to navigate their…
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LIPP Processing Timeline
July 27, 2022
Many participants ask how long it will take to receive their funding once they have submitted their application. Generally we suggest participants anticipate receiving their…
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Pre-Application Information Sheet
July 27, 2022
The LIPP Online Application may be accessed via the SFS Self-Service Portal which requires a Harvard Key. This Application allows you to save…
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Frequently Asked Questions from New Graduates
July 25, 2022
Below are the questions we most often hear from graduates. We also recommend all 2022 graduates review the Application Guide for New Graduates and the Understanding…
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Application Guide for 2022 Graduates
July 25, 2022
Below is the who, what, when and how of applying for LIPP specific to 2022 graduates. We also recommend all 2022 graduates review the Frequently…
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Information for 2022 Graduates
July 25, 2022
LIPP applications for the class of 2022 will open in mid-October. To help ease the process of completing the first LIPP Application we have compiled…
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Applying for LIPP
July 15, 2022
New applicants with LIPP-qualifying employment can enter the program at any time by submitting a New Application along with the supporting documentation described below. New…
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Low Income Protection Plan
July 14, 2022
Many Harvard Law School graduates choose to work in lower-paying public service or private sector positions. Given a significant educational debt burden, such choices might…