Home > Prospectives > JD Financial Aid > Summer funding
Summer funding
Beginning in Summer of 2006, the University of Chicago Law School will guarantee financial support for every student who engages in qualifying summer public interest work for four or more weeks during the summer following the first year of law school.
Program Details. Students undertaking qualifying public interest work that first summer are eligible for a $6,000 forgivable loan available at summer's start.
Qualifying Position. A qualifying position is one that pays less than $600 per week for employment with a not-for-profit organization or government unit (other than a university or a judicial externship), in a full-time position that has some bearing on legal work.
Loan Forgiveness. If you complete at least four full-time weeks in a qualifying position in your first summer of law school, $3,000 of the loan is forgiven. This forgiveness is in addition to any salary paid by that or another summer employer and is in addition to any other grant you may have received, so long as you are not receiving more than $600 per week for your qualifying work. The $3,000 balance may be repaid as much as fifteen months later, so that you can use your second summer's earnings (which average more than $2,000 per week for 2L Chicago students) as a source of repayment. If you also work in a qualifying position during your second summer, the entire first-summer loan will be forgiven.
Questions? You can find other details by contacting Kristen Mercado.
|