Does the Zubrow Fellowship provide loan repayment assistance?
The Zubrow Fellowship will provide up to $10,000 per year in law school loan repayments. These payments are made in quarterly installments. The amount of loan assistance a fellow will receive depends on the amount and type of debt that s/he has incurred. Both federally funded and private educational loans are covered, including commercial bar loans. Non-traditional loans, e.g., loans by a relative, are not covered. Fellows are required to maximize their participation in all other loan repayment assistance programs for which they are eligible. Juvenile Law Center will calculate a Fellow’s yearly repayment amount as though outstanding loans, i.e., those not eligible to be covered by any other program, were on a 15-year repayment term. The 15-year term is applied for calculation purposes regardless of the actual term of the loan. Fellows do not have to formally consolidate at that rate to receive assistance. Loan repayment assistance is treated as a taxable fringe benefit.
