LRAP

Laurie M. Tisch Loan Repayment Assistance Program

Cardozo School of Law

Center for Public Service Law * Office of Student Finance
55 Fifth Avenue, New York, NY 10003
Email: cardozolrap@yu.edu

Web: www.cardozo.yu.edu/lrap

2025 APPLICATION

Federal Student Loan and LRAP Update

Please carefully read

A federal court issued a stay in July and an injunction in August preventing the Department of Education from implementing parts of the SAVE Plan and other IDR Plans. Due to these court orders, many borrowers' federal student loans have been placed into forbearance for the time being. When and how this matter will resolve is currently unknown.

If your federal loans have been placed into forbearance due to these court orders, you will have a few options:

1. Leave your federal loans in forbearance and wait for the federal courts and Department of Education to resolve this matter.

2. Try to move your loans to another available federal repayment plan in order to start / resume active repayment.

* * * * *

If your federal loans have been placed into forbearance, we still encourage you to complete and submit the 2025 LRAP application by the October 18th deadline.

LRAP funding will not be awarded while your loans are in forbearance. However, if your federal loans resume active repayment within the 2025 LRAP cycle timeframe (January - December 2025), funding may be awarded at that time.

If your federal loans have been placed into forbearance and you have non-federal loans (private / institutional) in active repayment, LRAP funding will be awarded to assist with your non-federal loans only. If your federal loans resume active repayment within the 2025 LRAP cycle timeframe (January - December 2025), additional funding may be awarded at that time.

Additional information and instructions are provided at the end of this application if your federal loan resume active repayment within the 2025 LRAP cycle timeframe.

* * * * *

If your federal loans have been placed into forbearance, please feel free to review the Department of Education's site for additional information:

https://studentaid.gov/announcements-events/save-court-actions

Forbearance: Borrowers enrolled in the SAVE plan are being moved into forbearance. During forbearance, SAVE borrowers will not have to make payments. The time in forbearance will not count toward Public Service Loan Forgiveness or Income-Driven Repayment (IDR) loan forgiveness. SAVE borrowers will not accrue interest on their loans during the forbearance. SAVE borrowers will be notified about their forbearance by their loan servicers.

Bills and payments: Borrowers enrolled in the SAVE Plan who have received a bill for August are being put in an interest-free forbearance – payments are not required during forbearance. Borrowers enrolled in the SAVE Plan who have not yet received a bill for August will also be put in forbearance and therefore will not receive a bill.

Application Information & Instructions

PART 1

Complete Sections A - G. You may skip any questions that are not applicable. Ex. if you are not married, please skip Section E "Spouse Information".

PART 2

Upload the following supporting documentation below under Section H:

Tax Documents: A copy of your 2023 W-2 and Federal Income Tax Return (please redact your SSN if possible).
Employment Pay Stubs: A copy of your 3 most recent pay stubs.
Student Loan Statements: Copies of your most recent student loan billing statement for each educational loan for which you are responsible. The statement(s) from your student loan servicer(s) must include the monthly/quarterly repayment amount & the outstanding loan balance of each educational loan. Please submit the following (where applicable):
- Private loan statements (3 most recent monthly statements)
- Institutional loan statements (3 most recent monthly/quarterly statements)
- Federal loan
  - If your federal loans have been placed into forbearance due to the blockage of the SAVE Plan, submit a statement from your federal loan servicer indicating the forbearance, and submit a statement indicating your total federal loan balance.
  - If your federal loans have remained in active repayment, submit the 3 most recent monthly statements, and include a statement indicating your total federal loan balance.
Additional Documentation: Any supporting documentation concerning your resources and/or extraordinary expenses.

* * * * *

2025 LRAP Application

Submission Deadline: October 18, 2024

Your 2025 LRAP application will NOT be processed if any of the required documentation is not properly submitted.

You are required to furnish the LRAP Committee in writing if there are ANY changes to your employment, income, overall finances, student loan repayment plan(s) and/or $ amount(s), or any other pertinent details, from the date of your 2025 LRAP Application submission until the end of the 2025 LRAP funding cycle.

2025 LRAP APPLICATION

PART 1

Section A: Primary Information

Name*

First NameLast Name

Graduation Year from Cardozo*

YU Banner ID #

SSN (Last 4 Only)*

Primary Email*

example@example.com

Secondary Email*

example@example.com

Cell Phone Number*

Area CodePhone Number

Address*

Street Address

Apt. #

CityState / Province

Postal / Zip Code

Section B: Employment Information

Employer*

Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Job Title*

Job Description*

Employer Type*

Public InterestGovernment

Employment Status*

Full-TimePart-Time

Initial Date of Employment*

Date

Annual Salary $*

Annual Overtime $ (if you receive overtime pay, please indicate the total annual amount)

Does your employer provide any program to assist with the repayment of your educational loans?*

YesNo

If yes, what is the total annual assistance $? *

Enter $0 if you did not receive an LRAP award from your employer

Supervisor's Name*

Supervisor's Job Title*

Supervisor's Email*

Will you be employed by more than one employer during the 2025 Program year?*

YesNo

If yes, please provide the following details (business name, job description, hours per week)

Additional annual income $*

Enter $0 if you earn no additional income

Do you plan on voluntarily leaving your current position for a new position by December 2025?*

YesNo

If yes, please provide the following details (public or private sector, business name, job description, part or full-time)

If yes, what is the anticipated start date?

Date

If yes, what is your anticipated new salary $?*

Enter $0 if you don't anticipate obtaining a new position by December 2025

Section C: LRAP History

2024 LRAP Award $ *