jlc058 wrote:Nebby wrote:usn26 wrote:That's correct. So I should have said our LRAP will continue to be amazing until it ruins PSLF for everyone (including ourselves).
Maybe, but any change will have a grandfather provision. It would truly be merciless to not grandfather people already on the program. Plus, such a harsh maneuver would likely not pass the Senate. It would make even Republicans a little queasy (remember, most of the people who would be hurt by this are lawyers and they likely personally know someone on PSLF by family or their family knows someone on PSLF).
If there's one thing you should know, the legal community is a pretty strong lobby and pretty protective of the profession and those within it.
I agree with that but am not sure where the grandfather provision would start- does it protect the people who have already graduated and started working in public service on the ten year path, Does it protect the people already in school that went based on thinking they would have this option, Does it protect people who took out loans based on thinking they would have this option but are just at the start of their education? and all that seems a little risky
When I filled out my promissory note for government loans, it specifically mentioned PSLF. I have to believe that anybody who takes out a loan with the same promissory note is going to be grandfathered in because of that clause.