pereira6 wrote:But yeah, the ease of qualification for IBR is what I'm concerned about. 60k job, 6 figure debt, no IBR...that's trouble.
I'm pretty sure the vast majority of people who want IBR qualify for it. There's no real arbitrariness with it since it was passed as part of health care reform, and not like the wanton policy of a particular law school. So I mean, unless the whole Affordable Care Act gets repealed in its entirety, I'm pretty
sure it'll be fine and you can count on this. Whatever school you decide to attend will probably have an LRAP that can help you with the 160k too. Have any undergrad debt? Try asking for need based aid if you do and you're really worried.
From my understanding, LRAP only qualifies for PI positions, no? I heard Michigan has a pretty flexible program, though.
I am also fortunate to have 0 undergrad debt. SUNY system + scholly really helped. I already received a hefty need-based from UPenn, and I'm not sure they're going to be in the business of giving me more. But I did plan on seeing if I could squeeze another dollar out of them
p.s. your cycle is bizarre for your numbers, are you a felon or something?
I wish. That way it would explain my relatively disappointing cycle. I have some great offers of course, but my numbers should have performed much better in the T14. It's just so disappointing to get the WL notice over and over again from schools I loved and was anticipating scholarships from. If I received any money from Duke or Michigan...I don't know what I would do.
I'm mainly disappointed by my lack of options.
The ONLY thing that could explain my cycle is the fact that I am 20 years old, and will be 20 entering law school. I put together a solid app package though--one that I think would dispel any questions of maturity. I was also able to acquire a master's degree, which I thought could show I'm academically mature. I'm going to chalk it up to the age thing though, and take the best. Penn is looking mighty fine right about now, and so is Vanderbilt.
As someone shooting for NYC Biglaw, I'm just thinking about the question "so if I take 160k of debt from Penn and end up with a 60k private firm job, how screwed am I?"
Thanks for your advice!