I was confused. NYU, like many other schools (including CLS), simply has a program where you can combine its LRAP with the federal IBR program. That's all it is referring to.
I didn't see a topic devoted to this, but I think it deserves one. The specifics haven't been released yet as far as I can tell, but from the NYU Law website (emphasis added):
In continuance of its mission to support and encourage service in the public interest, the Law School is pleased to announce that a new LRAP that will allow graduates working in public interest jobs for 10 years – and earning up to $75,000 a year in qualifying employment – to have all of their federal law school loans forgiven. This new program integrates with the federal government’s Public Service Loan Forgiveness Program and the income-based repayment option available to graduates with federal Direct Loans.
This new program is available to members of the class of 2009 and beyond.
I'm deciding between CLS and NYU. I like CLS better, and heard anecdotally that it places better for govt. jobs (I want to work for the DoJ), but I'm not sure I can turn this new LRAP down, given that it would mean 10-20% greater take-home income for the entire first part of my career...
Thoughts? (on both the new LRAP and my own personal situation)