The Caruso Family has committed $1 million dollars to establish an endowed fund, specifically for Pepperdine University School of Law Juris Doctor graduates dedicated to a career in public service. The Caruso Family Loan Forgiveness Fund was established in March of 2003 as an assistance program which partly repays the law school debt of students launching careers in the fundamental, yet lower paying, area of public interest law.
Judge Harry T. Shafer, along with his wife, Ruth, have established a loan repayment assistance fund for Pepperdine University School of Law graduates who have entered careers in public service. The Harry T. Shafer Loan Repayment Assistance Fund is restricted to individuals who have graduated from the School of Law, chosen a career in public service, and meet income limitations as determined by the University. The School of Law is grateful to Judge and Mrs. Shafer for their generosity.
Application materials and W-9 should be returned to:
Pepperdine University School of Law
Office of Financial Assistance
ATTN: Erin Wade
24255 Pacific Coast Highway, Malibu, CA 90263-4633
The application deadline is January 10, 2014.
To be considered for assistance, each applicant must submit the following:
Loan forgiveness payments will be disbursed directly to the borrowers, as a taxable income stipend. A completed W-9 is required for funds to be disbursed.
Recipients may be entitled to a leave from the Caruso Family Loan Forgiveness Program and the Judge Harry T. Shafer Loan Repayment Assistance Fund, not to exceed one year, for the following reasons: 1) child care, 2) financial hardship, 3) relocation or 4) continuing education. Once a leave of absence is approved, you are required to re-apply for the program upon return. During a leave period, the recipient is not eligible for assistance under the forgiveness program.
Recipients are selected at the discretion of the Faculty Admissions and Financial Aid committee. Awards are subject to the availability of funds. The receipt of funds in a given year does not ensure continued funding or guarantee an equal repayment amount in subsequent years. The law school reserves the right to modify or terminate the loan forgiveness program and/or any of its provisions without prior notice.