Paul L. Caron
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Saturday, August 9, 2008

Congress Passes $60k Law School Loan Forgiveness Program for Prosecutors and Public Defenders

National Law Journal:  Proposed Student Loan Repayment Program for Law Grads Goes to Bush for Signature, by Marcia Coyle:

A proposed student loan repayment program for law school graduates who commit to service as state or local prosecutors, or state, local or federal public defenders, now awaits President Bush's signature. The program is contained in the Higher Education Opportunity Act (H.R. 4137), which updates existing programs and creates new ways to make higher education accessible and affordable.

H.R. 4137 amends the Omnibus Crime Control and Safe Streets Act of 1968 to direct the attorney general to assume the obligation to repay student loans for borrowers who agree to remain employed, for at least three years, as state or local criminal prosecutors; or state, local, or federal public defenders in criminal cases. It allows a borrower and the attorney general to enter into an additional loan repayment agreement, after the required three-year period, for a successive period of service that may be less than three years. It limits the amount paid under the program on behalf of any borrower to $10,000 per calendar year and $60,000 total.

https://taxprof.typepad.com/taxprof_blog/2008/08/congress-passes.html

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