As we approach the final weeks of 2015, we wanted to notify you of some important dates. LRAP payments initiated before December 10th will most likely be paid before the end of the year. Payments initiated after this date will most likely be paid in 2016. Applications submitted on or after December 18th will be […]
LRAP Guidelines and Spousal Income
As you may be aware, on June 26, 2015 the Supreme Court declared same-sex marriage legal in all 50 states. In light of this, we will apply our program guidelines regarding annualized income to all married participants. Effective January 1, 2016, if you are legally married you should report your spouse’s information on your LRAP […]
Important Dates to Consider for December Applicants
As we approach the final weeks of 2014, we wanted to notify you of some important dates. LRAP payments initiated before December 10th will most likely be paid before the end of the year. Payments initiated after this date will most likely be paid in 2015. Applications submitted on or after December 20th will be […]
New Office Location!
Berkeley Law Financial Aid Office is happy to announce its new on-campus location starting Wednesday, October 1, 2014! New Address: Berkeley Law Financial Aid Office 396 Simon Hall Berkeley, CA 94720-7200 Hours: Mon – Thurs (Closed Fri) 9:00 AM – 12:00 PM & 1:00 PM – 4:00 PM Please be aware that there will be no new […]
President Obama’s Fiscal Year 2015 Budget Proposal
*This memo is from Dean Gillian Lester. To: Students and Alumni From: Acting Dean Lester Subject: President Obama’s Fiscal Year 2015 Budget Proposal As you may be aware, President Obama released his budget proposal for the 2015 fiscal year on Tuesday, March 4. His proposal contains surprising changes to federal student loan repayment options and […]
Important Dates to Consider for December Applicants
As we approach the final weeks of 2013, we wanted to notify you of some important dates. LRAP payments initiated before Friday, December 13th will most likely be paid before the end of the year. Payments initiated after this date will most likely be paid in 2014. The Financial Aid Office will be closed December […]
NEW rule for PSLF qualifying monthly payments
As of fall 2012 all PSLF qualifying payments under IBR, PAYE, or the 10-year repayment schedule, only count if made within a 20-day period before and on the due date. Payments made after the due date or before that 20-day period do NOT qualify for PSLF. Please check with your loan servicer and consider arranging […]
Pay-As-You-Earn Repayment Plan
Today the Department of Education announced the new Pay As You Earn Repayment Plan. In order to qualify you must have a partial financial hardship and meet the following requirements: “You must be a new borrower as of Oct. 1, 2007, and must have received a disbursement of a Direct Loan on or after Oct. […]
Public Service graduates can transfer federal student loans to PHEAA
If you have been working in public service for a while, you can initiate a transfer of your federal student loans to MyFedLoan.org (PHEAA) by submitting the PSLF employment certification form (ECF). The Department of Education authorized MyFedLoan.org (PHEAA) with the verification of PSLF. Once PHEAA receives the ECF, your federal student loans will be […]
Direct Loan Servicing (ACS) notice regarding accrued interest capitalization
Are your loans serviced by Direct Loan Serving (ACS) and are you enrolled in IBR? You may have received a notice stating that you are in Income-Contingent Repayment (ICR) and your accrued interest will be capitalized if not paid. Please note that the notice only applies to borrowers who are actually enrolled in ICR. If […]