aliarrow wrote:IBR does affect all fed school loans, not just law school loans. So the positive is that it encourages more MDs and other useful to society yet expensive degrees (dentistry, optometry, masters programs), encouraging more lawyers is just a necessary evil for an overall benign program.
1. Assumes that programs like IBR do not contribute to the high cost in the first place
2. Assumes that we actually need that incentive to get people into medical school, dentistry, etc. I assure that is not the case. Sure it creates a very very small useless further incentive, but an it's a complete unnecessary one. A doctor is not even going to qualify The AMA is very restrictive on how many doctors we're producing, IBR is not giving us more doctors, or better doctors.
3. Why do want to give breaks to people in high paying jobs, this is a huge benefit that's going to professionals while high school graduates who go work in a manufacturing plant are getting....what?
4. Perverse incentive, we want people to take cost into account when they're deciding where to go. Right now it makes no sense NOT to max out your law school living expenses loans every semester.
5. There are plenty of lower paying masters degrees (and BA's) that are covered. We don't want to bail out some jackass who got another useless degree. Again bad incentive. I agree there are some low paying PI fields that we need programs like IBR for, but as a fucking catch all for every degree out there. Pass.