Many of us have substantial student loan debt arising out of the very high cost of attending law school. Indeed, an alarming number of our colleagues owe in excess of $200,000. That’s like having a mortgage without the house, and it interferes with virtually every aspect of our lives!
We are attempting to obtain, augment and solidify relief in a number of ways:
- co-sponsoring with Local 237 and the National Student Debt Forgiveness Center (“NSDFC”) a counseling program to help members successfully navigate the PSLF program; https://nationalstudentdebtforgivenesscenter.com
- through collective bargaining negotiations;
- through New York State legislation which we drafted and had introduced, in both the State Senate (S.8013) and Assembly (A.10180), expanding Education Law section 679(e) assistance beyond District Attorneys and Legal Aid attorneys to cover municipal attorneys whose agencies assist and protect indigent adults and vulnerable children or perform law enforcement services. Last year, this bill passed the NY State Senate, but was not voted on in the Assembly.
- CSBA is working with a broad coalition of organizations via the Public Service Loan Forgiveness Coalition, including the Student Borrower Protection Center https://protectborrowers.org, Equal Justice Works http://www.equaljusticeworks.org/student-loan-forgiveness – and numerous medical, educational and other professional organizations around the country – to try to improve the PSLF program, and to convince both houses of Congress and the Biden administration to forgive as much student loan debt as possible!
If you have not already done so, enroll in an advantageous Income-Driven Repayment plan, verify that your loans are of a nature that are eligible for the PSLF program, and apply for PSLF as soon as possible.
Utilize the link below to contact your member of Congress. Demand that they stand up for the program that allows you to afford to remain working in the public sector by forgiving remaining student debt after ten years of service and 120 payments; and to improve it by forgiving the first $50,000 of student debt as is being advocated by a growing number of legislators, organizations and individuals. http://actnow.io/C1soBhz
Join CSBA’s Student Loan Reduction Committee. We meet periodically, and are in the process of drafting legislation which, if enacted, would afford additional relief. Please contact us either by e-mail at firstname.lastname@example.org or by phone at (212) 675-0519.