Through the Steven C Krane Student Loan Assistance for the Public Interest Program also known as SLAPI, qualified attorneys who undertake careers in public service and develop a plan to assist new attorneys in pursuing public service careers by reducing indebtedness may qualify for student loan forgiveness. SLAPI has a two-fold focus: to continue to provide financial assistance to mid-level government and public interest attorneys burdened with large educational debt (who are less likely to qualify for federal loan repayment assistance), and to help educate attorneys and employers on the developments in the loan repayment assistance landscape. Read on to see eligibility requirements, award amounts, and the application process for the Steven C Krane Student Loan Assistance for the Public Interest Program.
How much can I expect to be awarded?
Through the Steven C Krane Student Loan Assistance for the Public Interest Program, the award amount will vary based on the career path and location the applicants are working in.
Public service attorneys play a critical role in society. Historically, however, public service lawyers are paid a mere fraction of what their corporate counterparts can earn by working at a private law firm and/or for a large corporation. This pay disparity in combination with the daunting law school loan debt recent graduates face – – in some cases as much as a mortgage for a modest home – – tends to dissuade many from pursuing a public service career or staying in the field for the long term. In recognition of the ever-increasing need for attorneys in the field of public service, the New York State Bar Association created the Student Loan Assistance for the Public Interest (SLAPI) Program in 2002 to encourage lawyers to remain in public service careers by providing financial assistance to attorneys who meet specified eligibility criteria, including qualifying employment and salary limitations.
For a full breakdown of this program’s terms and conditions, please head over to the following page.