Kentucky Higher Education Assistance Authority
Best in Law borrower benefits
Public service attorneys in Kentucky may become eligible to save big on their student loans from The Student Loan Peoplesm with Best in Law benefits.
Best in Law provides interest and principal forgiveness each year that attorneys work in Kentucky as:
· Public defenders;
· Assistant commonwealth’s attorneys;
· Assistant county attorneys;
· Legal service attorneys; or
· Law clerks in the supreme, appellate and circuit courts.
Attorneys who wish to apply for these benefits must have passed the bar exam, be eligible to practice law in Kentucky and be working full time. They may apply for forgiveness of up to 20 percent of the outstanding principal each year, not to exceed $10,000. These benefits are available only to attorneys who have Federal Stafford and Federal PLUS Loans with The Student Loan People. Some consolidation loans may also be eligible for forgiveness.
Best in Law benefits are available to attorneys who live outside Kentucky as long as they meet the requirements for working in Kentucky. Attorneys are eligible to apply for these benefits each spring. The application may be printed from studentloanpeople.com. The deadline for applications is usually early May. Borrowers who take advantage of Best in Law should consult a tax adviser about possible tax consequences.
For complete details about the Best in Law benefits or low-cost student loans, visit studentloanpeople.com or call 888.678.4625.
The Student Loan People make no representation, offer or promise to be relied upon about continued availability of loan benefits or about the accuracy or completeness of this printed information. Benefits may change or be canceled without notice, at any time, by operation of applicable laws or by The Student Loan People, for any reason at its sole discretion. Students are encouraged to contact The Student Loan People each year they expect to receive benefits to verify eligibility for and availability of the loan benefits/programs and to contact a tax adviser about tax consequences of loan benefits.