Toll Loan Repayment Assistance Program

Penn Law’s Toll Loan Repayment Assistance Program (TollRap) expands opportunities for our graduates

1. In 2009, the Dean approved an increase to the income eligibility formula to better serve more Penn Law graduates. The new formula is detailed in Section I (D) of the program Guidelines will help graduates at a variety of income levels to choose public sector employment and still pay their substantial law school debts.
   
   

   Annual Adjusted Income	Expected Annual Contribution to Loan Repayment from Graduate
   up to $45,000	$0
   $45,001 to $50,000	20% of amount over $45,000
   $50,001 to $55,000	$1,000 + 40% of amount over $50,000
   $55,001 and over	$3,000 + 60% of amount over $55,000

   
   
2. The cap on the amount of TollRAP assistance a participant can receive each year was increased to $14,000 per year.
   
   
3. The forgiveness structure allows for interest-free forgivable loans in all years of participation. Participants should check with their tax advisors regarding taxability of the forgiveness of these loans. Section 108(f) of the Internal Revenue Code (IRC) details the requirements for tax-free forgiveness. Participants who are working for or under the direction of a governmental unit or an organization described in 501(c)(3) of the IRC generally will not have this forgiveness added to their gross income.
   
   
4. Graduates accepting clerkships before entering qualifying employment may have their TollRap eligibility extended for up to two years beyond the program’s 10 year limit.

We hope you will agree that our TollRAP's mission gives graduates the choice to pursue public sector careers without being hindered by their Law School indebtedness.