{"id":4631,"date":"2017-07-31T12:36:21","date_gmt":"2017-07-31T16:36:21","guid":{"rendered":"https:\/\/www.law.georgetown.edu\/?page_id=4720"},"modified":"2025-12-03T19:22:36","modified_gmt":"2025-12-03T19:22:36","slug":"lrap-awards","status":"publish","type":"page","link":"https:\/\/www.law.georgetown.edu\/admissions-aid\/financial-aid\/loan-repayment-assistance-program\/lrap-awards\/","title":{"rendered":"LRAP Awards"},"content":{"rendered":"<p>Eligible participants receive LRAP benefits directly in the form of six-month loans. At the completion of each six-month loan, the award is granted 100% forgiveness. The amount awarded is 100% of a participant\u2019s need, based on the LRAP calculation. Since each award is provided as a loan, with a legally binding master promissory note, and LRAP participants are employed by a non-profit or government agency, when the loan is forgiven it is not considered a taxable event by the IRS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eligible participants receive LRAP benefits directly in the form of six-month loans. At the completion of each six-month loan, the award is granted 100% forgiveness. The amount awarded is 100% of a participant\u2019s need, based on the LRAP calculation. Since each award is provided as a loan, with a legally binding master promissory note, and [&hellip;]<\/p>\n","protected":false},"author":54,"featured_media":0,"parent":3979,"menu_order":78,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4631","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/pages\/4631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/comments?post=4631"}],"version-history":[{"count":0,"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/pages\/4631\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/pages\/3979"}],"wp:attachment":[{"href":"https:\/\/www.law.georgetown.edu\/admissions-aid\/wp-json\/wp\/v2\/media?parent=4631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}