twentypercentmore wrote:altoid99 wrote:I have a somewhat-related question regarding LRAPs. If your undergraduate loans are consolidated with your law school loans, does your law school provide assistance in repaying your undergraduate loans as well or do they only contribute to what you'd be paying only for law school loans?
Also, PSLF after 10 years and IBR after 25 forgives all federal loans and not just the ones for law school, correct?
It's a gray area that likely varies by school. The school technically has the ability to tell you to bugger off when you consolidate, but if you consolidate your undergrad with your law school debt, the IBR payment should be the exact same. In fact, there might even be a case where you only qualify for financial hardship (and thus IBR) by including your undergrad loans.
Some schools explicitly mention outside federal loans will be covered if consolidated -- the one that comes to mind is Penn. Some schools explicitly mention that non-law loans will not be covered; Stanford comes to mind here. Harvard will cover up to 30k of outside debt. In practice, I would imagine programs tied to PAYE (everywhere except HYS, Cornell, and Columbia's 50k/yr plan) would probably allow you to, and those five exceptions would not.
Thank you for this information. But it's true that PSLF is for all federal loans? I'm guessing this is so but I just want to make sure.