Comparing LRAPs

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Posts: 37
Joined: Fri Oct 29, 2010 6:25 pm

Comparing LRAPs

Postby jimraynor » Mon Jan 31, 2011 8:35 am

I was just going through the TLS LRAP guide and was slightly confused as to which ones were 'better' than others.
Being a 0L I think I am missing something - it appears from the guide that Georgetown's LRAP program would be the best given how high the base for '0$ expected payments' is.
Is there a specific disadvantage to having to be in IBR/PSLF?
It looks like the Y/H/S programs pay down overall debt faster but require more of the student... but under PSLF remaining debt is forgiven after 10 years.

I know I am missing something obvious, I just can't figure out what.

User avatar
Posts: 240
Joined: Sat Jan 01, 2011 5:26 pm

Re: Comparing LRAPs

Postby Ialdabaoth » Mon Jan 31, 2011 11:56 am


I'm interested in these distinctions as well. However, through the limited amount of LRAP research I have done, I've come under the impression that it is hard to say if any single LRAP is objectively better than other (at least in the T14, where they are all pretty good). It seems that what's "better" for one person might be worse for another, especially for people with significant spousal incomes, assets, etc. because different LRAPs have different ways of dealing with these (and other) variables.

Hope that helps some. And I would also appreciate any feedback from current law students and graduates who have more direct experience with LRAPs.

Posts: 37
Joined: Fri Oct 29, 2010 6:25 pm

Re: Comparing LRAPs

Postby jimraynor » Mon Jan 31, 2011 1:17 pm

Anyone out there who's done more research into this?

Posts: 18
Joined: Fri Oct 15, 2010 4:04 pm

Re: Comparing LRAPs

Postby vaperera » Tue Feb 01, 2011 4:26 pm

Posts: 1724
Joined: Sat Feb 06, 2010 9:00 pm

Re: Comparing LRAPs

Postby 4102011 » Tue Feb 01, 2011 4:32 pm

A lot of that's out of date, though (at least the UVA one, specifically). Definitely make sure the info's accurate.

I've done some research into it, but I'm not entirely sure what you're asking. & I'd definitely say that some are stronger than others. You need to look at if you are comfortable with a program with a cap, a cap that rises/doesn't rise, etc.

Return to “Financial Aid”

Who is online

Users browsing this forum: No registered users and 2 guests