neyaae wrote:I'm planning on relying on LRAP too...I just have this fear that the government will end the IBR or whatever it's called...when I visited other schools they said the subsidized stafford loans are probably going away after this year, has anyone heard anything?
"Subsidized stafford loans" are not likely to go away. Federal loan cancellation might, since nobody's loans have been cancelled yet so not many people are paying attention to how much it's going to cost. But if it does go away, it'll most likely be after the first group of cancellations goes through, which will be after 2014— and if you're already enrolled in the program, it's pretty unlikely that they'd cancel it retroactively for people already enrolled, even if they cancel it going forward.
Also, NYU has repeatedly expressed their commitment to at least the level of LRAP they were giving last year, which was not dependent on IBR or loan cancellation. So even if the federal stuff all evaporates, and NYU can't afford the same sweet deal they've just started by piggy-backing on the federal programs, they'll revert back to what they were doing before, which was less sweet but still one of the best LRAPs around.