worldtraveler wrote:IndyHCKM wrote:thunderflesh wrote:
100% for less than 75K????!!!!!! Is that definitely going into effect for people starting in the Fall of 2011?
If so, then NYU PI > CLS PI suddenly becomes fact...
That's what they say. It sounds like when your annual income exceeds 75k a year you pay 40% of that income over 75k towards the loans.
Don't just look at numbers. Look at what types of employment are covered. Some LRAPs cover clerkships. Some don't. Some also cover UN work or work with non-profits in other countries, while others don't.
Yeah there are usually a couple loopholes in LRAP programs from what I've seen. Not that they're trying to trick people, but there are certain stipulations that apply. The type of job a person takes is often one of those details that vary from school to school. FWIW I've heard that NYU is EXTREMELY supportive of its PI students, so even if the LRAP is comparable to CLS' that added support and encouragement may be beneficial.
Also, I feel like location should play a role too since I've heard that the networking for PI is very important. In another thread someone mentioned that the one advantage of Chi's PI is that they'll know the PI contacts in that region, more so than the other schools will. Berk is a great school with a great rep, but if you're coming back to the northeast NYU/CLS might be better. But Berk would likely dominate the Cali PI employers.
ETA: Someone asked if NYU's new LRAP will take effect for the new class. According to their website it's for the Class of 2009 is later (which seems weird to me but is cool if it goes back to past classes like that).