Loan Repayment Assistance Program Application Instructions
AUGUST 12, 2024 SAVE PLAN UPDATE: On July 18, 2024, a federal appeals court issued a stay preventing the Department of Education from operating the Saving on a Valuable Education (SAVE) repayment plan, and that stay was extended on August 9, 2024. The Department of Education will be placing borrowers on SAVE into an interest-free forbearance starting in August 2024 while they assess the ruling and determine next steps. Months on this forbearance period will not count towards IDR forgiveness or PSLF. We have an FAQ on this forbearance and the impact on LRAP on our website. We also recommend following any updates from the Department of Education at studentaid.gov.
The Law School’s Loan Repayment Assistance Program (LRAP) requires an applicant to submit the following items to complete their application for a calendar year.
First-Time Applicants
- LRAP Application Form: The application form for the 2024 cycle is available online.
- Employer Certification Form: The Employer Certification Form (PDF) must be completed by the applicant's employer and the employer must email the completed form directly to the Law School's Financial Aid Office at financialaid@law.uchicago.edu.
- Loan Documentation: Provide the following loan documentation from your federal loan servicer via email to financialaid@law.uchicago.edu:
- An IDR plan confirmation letter.
- A general account summary that identifies all loans included in your Income Driven Repayment (IDR) payment.
- If you consolidated your loans, a consolidation account summary after your consolidation is complete identifying the loans included in the consolidation loan.
- Your most recent bill showing your payment date, amount, and repayment plan.
- REQUIREMENT: All loans must be in good standing and in repayment. All required loan payments must be made prior to receiving your funding; your loans must remain in repayment at all times and cannot be in deferment or forbearance.
Reapplicants
- LRAP Application Form
- Employment Certification Form (PDF)
- A payment history of your 2023 payments through November 2023, if not already on file
- An IDR renewal confirmation letter from your loan servicer
- If your recertification has been extended, please provide your most recent IDR confirmation letter
- Your most recent billing statement from your loan servicer that matches the amount and plan noted on your IDR renewal confirmation letter
General Requirements
If an applicant's employer, job title, salary, or loan repayment status changes after a complete LRAP application has been submitted, the applicant must alert our office via an email to financialaid@law.uchicago.edu within 30 days of the change. Job or salary changes will also require that the employer submit a Job/Salary Change Certification (PDF) to the Financial Aid Office within the 30 day window.
Deadlines
Submit the application and required documentation by December 1, 2023 to meet the priority review deadline. Applications received or completed after December 1, 2023 will be processed and reviewed in the order received but may result in delays in receiving funding. If you are approved for LRAP funding, the Office of Financial Aid and the Law School will work as quickly as possible to process LRAP applications, documentation, and check requests. However, you may need to make your first 2024 loan payment out of pocket before you receive your LRAP funding.
ALL APPLICATIONS MUST BE COMPLETED IN FULL BY MARCH 31, 2024. Any application (including documentation) not received or completed by this deadline will not receive funding and the applicant will forfeit any LRAP funding for 2024, unless you have received the Committee's approval prior to this deadline.
Contact the Financial Aid Office at financialaid@law.uchicago.edu with any questions.