Pennsylvania Bar Foundation – PA IOLTA Loan Repayment Assistance Program
The goal of the Pennsylvania Bar Foundation – PA IOLTA Loan Repayment Assistance Program (“LRAP”) is two-fold:
- Help attorneys employed at IOLTA-funded legal services organizations across the state better manage their undergraduate and law school student loan debt so they can afford to remain in public service; and
- Help IOLTA-funded legal aid organizations recruit and retain the best and the brightest attorneys for service in the public good.
The LRAP is a direct result of the 2006 Report and Recommendation of the PBA Task Force on Student Loan Forgiveness and Repayment Assistance and the leadership of Chief Justice Ronald Castille and the Supreme Court of Pennsylvania who dedicated the revenue generated by pro hac vice fees (the admission fee charged to out-of-state attorneys seeking to enter an appearance in a Pennsylvania case) to support of the program.
Loan applicants must be licensed to practice law in Pennsylvania or be permitted to practice law under Bar Admission Rule 311, have a valid Pennsylvania Supreme Court-identification number, be in good standing and practice law as an employee of an IOLTA-funded organization. At the next application cycle, the applicant’s total gross salary may not exceed $66,000; however if the attorney’s annual net debt service is greater than or equal to 10% of the attorney’s current annual gross salary he/she may apply regardless of the annual gross salary cap. At the time of application, the amount of educational debt based on loans from commercial and government lending institutions, as well as university or other private institutional loans associated with law school and undergraduate educational debts must be greater than or equal to the amount of the LRAP grant. The attorney’s qualifying educational debt must be in satisfactory repayment.
The program provides one-year loans, payable to qualified attorneys quarterly, with a 12-month employment requirement at qualifying organizations. Providing a participating attorney continues to meet the eligibility requirements, the attorney can apply for and receive up to ten, one-year loans over his/her tenure in qualified employment. The loans must be used to repay loans incurred for undergraduate and law school education costs and bar exam study and will be forgiven at the end of each year if eligibility requirements have been met.
The Bar Foundation will administer one loan assistance cycle each year beginning in September. The amount of loan assistance provided to each applicant will depend on the available funding, the number of qualifying attorney applicants and the length of time a loan recipient remains in the program.
2014 – 2015 LRAP Reporting and Disbursement Schedule
|Quarterly Certification Due||Loan Advance Disbursed|
|March 31, 2015||April 15, 2015|
|June 30, 2015||July 15, 2015|
|September 30, 2015||October 15, 2015|
|December 31, 2015|
Provided the participating attorney retains eligibility for the entire 12-month period and fully complies with all of the requirements set forth in the loan agreement, the full amount of the loan together with all interest that has accrued on the loan shall be forgiven and cancelled on January 31, 2016.
Please consult the Program Policies and the Frequently Asked Questions – FAQs for additional details. Please consult the Pennsylvania Bar Foundation – PA IOLTA LRAP – Online Application Tutorial, Tips and Hints below for help completing the online loan application.
If you have any questions, please do not hesitate to contact Pennsylvania Bar Foundation Executive Director E. Marie Queen at 888-238-3036 or email@example.com.
LRAP Links of Interest
Pennsylvania Bar Foundation – PA IOLTA LRAP – Online Application Tutorial, Tips and Hints
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LRAP Press Releases
- 06-28-10 – Student Loan Assistance to Boost Public Legal Service
- 06-29-10 – Pennsylvania Bar Foundation and PA IOLTA Board To Launch Statewide Loan Repayment Assistance Program
- Out-of-state Attorney Admission Fees Increased to Expand Student Loan Forgiveness Program and Order Increasing Fees
- Supreme Court Doubles Commitment to Public Interest
- Statewide Student Loan Repayment Assistance Program Provides Nearly $250,000 of Debt Relief to Public Interest Attorneys
- 01-17-2012 –Statewide LRAP Increase Number of Loan Recipients and Size of Loan Awards in 2012
- 01-31-2012 – Forgiveness Is Divine
What We Do
- Civics and Law-related Education
- Diversity and Inclusion
- Access to Justice
- Loan Repayment Assistance Program
- Birdsall Impact Grants Program
- James W. Stoudt Memorial Scholarships
- Joseph T. McDonald Memorial Scholarships
- Named Scholarship Program
- Donor-Advised Fund Opportunities