Office of Student Financial Management

Office of Student Financial Management

Kasia Palm, Director of Student Financial Management

 We advise prospective, current, and former Denver Law students on:

General financial aid questions

We do not process student loans, that's the Office of Financial Aid in University Hall

Denver Law scholarship opportunities

We manage the Named and Endowed Scholarship Process

Financial literacy and debt management including:

Budgeting Loan repayment & consolidation Loan forgiveness Loan Repayment Assistance Program (LRAP)

College Cost Reduction and Access Act (CCRAA)

Creates Income-Based Repayment (IBR) program for federal student loan borrowers

Creates Public Service Loan Forgiveness program for those who are employed in qualifying public service jobs

Signed into law in 2007 These provisions were effective July 1st, 2009

Pres. Obama Executive Order

Changes the Income-Contingent Repayment (ICR-A) program to reduce payments for many recent graduates and current students.

Signed October 25th, 2011 Changes take effect on July 1st, 2013

Employment statistics for 2011 Denver Law graduates

About 43% were employed in public service

$51,185: average salary*

$43,507: estimated monthly take-home pay

$47,000: 25th percentile*

$39,950: estimated monthly take-home pay

*Based on 39 reported full-time salaries

 Monthly loan payments can be reduced significantly for borrowers selecting the IBR option

Payments can be as low as $0

Payments don't have to cover accruing interest

Pay until balance is repaid OR until 300 payments have been made (25 years)

Remaining balance is cancelled

For those working in Public Service jobs, debt can be forgiven after 120 payments (10 years)

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