Wooster33 wrote:IIRC, this was one of the ways the gov. is able to afford IBR.
Exactly, it will not "save money." And I take issue with the government being able to afford this program--1.6 trillion dollar deficit this year. Hey, but I can see how a lot of posters think it's pretty cool the taxpayer is going to pay for their overpriced t14 law degree. But I don't see how the same posters can argue it is a sound and necessary policy.
For one, it encourages movement within the socioeconomic ladder. I for one would likely not be transferring this upcoming year to a "top school" if it wasn't for IBR. I am poor and basically the first person in my family to graduate college, let alone go to law school, LET ALONE go to a "top school." This could really be a "see, hard works pays off in America" kind of policy encouragement. This is just one way that it is very beneficial.