There are four policy changes that affect the 2009 ASLRP.
1. The maximum lifetime benefit per recipient was increased from $40,000 to $60,000.
2. “Graduate Plus” loans are deemed qualifying student loans provided the individual attorney took out the loan for his or her own education. The Department continues to construe Plus loans taken out by a parent for a child’s education, and other third-party loans as ineligible.
3. Base salary as of December 31st each year will be the date used to determine whether an ASLRP recipient is subject to the “matching funds” policy. The calendar year (January 1 – December 31) is also used to calculate the amount each individual paid toward his or her qualifying student loans.
4. The “matching funds” threshold base salary has been increased from $74,000 - $84,000. |