Public Service Loan Forgiveness

Most Virginia students borrow substantial sums to attend the Law School. They are investing in themselves and within limits, that makes sense. Having a law degree from the University of Virginia is a valuable asset, and it is only appropriate for those who receive it to contribute to their own futures.

But at some point loan indebtedness can become crippling. When a student has indebtedness of $65,000—and many have $100,000 or more—we must step in and eliminate debt as part of a larger financial aid package. Almost always the financial aid package relies heavily on loans, but making some part of that a grant keeps the indebtedness within manageable bounds. The Law School addresses need today not only with scholarships for entering students but also with loan forgiveness for graduates who go into public service and other kinds of noble, low-paying positions. This has proven to be a targeted and efficient way to address financial need.

We don’t want debt burden to force young graduates into high-end private practice if their dream is to devote themselves to public service or to underserved areas in need of affordable legal counsel. Virginia’s Loan Forgiveness Program deploys need when it matters, making sure graduates dedicated to public service and willing to accept the financial sacrifice that goes with it are able to make that choice instead of being coerced into a different career path by the need to repay student loans.

GOAL $4 Million