f0bolous wrote:mistergoft wrote:[strike]Yes but you have to make a certain minimum amount to qualify for IBR and it is limited to specific jobs. Therefore, if I take the IBR route after I get shitpwned at OCI by firms that are tentative about hiring grads in the top half T10s, I am basically circumscribed to living off of a mediocre salary for the rest of the life of my loan. If I end up getting a job that pays somewhat decently 3 to 5 years down the road, which isn't an unreasonable proposition if somehow miraculously obtain some sort of a job giving me decent legal experience, I'll be saddled with 100k more debt (and probably significantly more than that if I am letting interest accrue). Like I said, it's a risk; if he's not risk averse, I say shoot for the stars. Just remember that Fordham isn't going to give you a SIGNIFICANTLY better chance (read: better than 20% at best) at a job in a big firm[/strike]...
i dunno dude...looks like any job qualifies for ibr, and it's based on a percentage of your disposable income. the only time you'd pay the regular "full" monthly payment is if that percentage of disposable income exceeds the regular amount. just plugging it into the calculator, if you had 200k in outstanding loans and had a job earning 100k, you'd still qualify.
Interesting. I was misinformed and apologize.