District Attorney And Indigent Legal Services Attorney Loan Forgiveness Program (New York)
To Be Eligible …
Eligible student loans include the total loan balance required to be paid by an eligible attorney on the cumulative total of outstanding student loans covering the cost of attendance at an undergraduate institution and/or law school, at the time the attorney applies for the Program. Interest paid or due on these loans is considered eligible for reimbursement under this Program. For purposes of this calculation, the amount of the eligible student loan debt will be reduced by any grants, loan forgiveness, or similar reductions to the attorney’s indebtedness that the attorney has received or will receive, such as law school loan forgiveness and public service scholarships.
An applicant must:
- be an NYS resident;
- be a U.S. citizen or an eligible non-citizen;
- be employed as a District Attorney, Assistant District Attorney, or Indigent Legal Services Attorney in New York State for at least four years, but no more than nine years;
- have a year of qualified service;
- qualified service means full-time employment as an eligible attorney for at least 35 hours per week during the year prior to application;
- have an outstanding balance on an eligible student loan debt;
- be in a non-default status on a student loan made under any NYS or federal education loan program or repayment of any NYS award; and
- be in compliance with the terms of any service condition imposed by an NYS award.
The maximum award is $20,400 or eligible student loan debt, whichever is less. Awards are paid in the amount of $3,400 for each annual period of qualified service or the remaining loan indebtedness. No payments will be made after the student loan has been paid in full.
Note: Any loan forgiveness award payment received may have tax implications. A 1099 form will be issued by the NYS Office of the State Comptroller reflecting the total loan forgiveness payment received by the recipient for the year. Any questions regarding potential tax implications should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.
Loans That Qualify
- Stafford loans
- Grad PLUS loans
- Consolidation loans
- NY student loans
- Private student loans
You can find the application for this program here.