dj9i27 wrote:Npret wrote:Just FYI from the thread about Trumps student loan plans:
The loan forgiveness program, enacted in 2007, was designed to encourage college graduates to pursue careers as social workers, teachers, public defenders or doctors in rural areas. There are at least 552,931 people on track to receive the benefit, with the first wave of forgiveness set for October. It’s unclear how the proposed elimination would affect those borrowers.
I know you guys want to be aware of this and the thread seems easy to miss.
Sorry if you've seen it already.
Also, grad school loan repayment is going to 12.5% for 30 years.
You seem to be well versed in this world, way more than I am so if you don't mind I have the hypotheticals of hypothetical.
Holding CoL in this instance (because in everyone aside from NYC is covered) Stanford is #1 for me, it is a long shot but still roll with me on this. In light of the new loan plan, lets say I got accepted into Stanford with their median (30g for 3 years) grant as well as UVA with 135g; which would you pick if your goal was clerkship then boutique lit?
That's tough but I'm big on minimizing debt. If Stanford is your dream school, I wouldn't say you can't go. The only clear decision to me is that a major named scholarship (Ruby, etc.) would be foolish to turn down for massive debt at Harvard.
Wait and see where you get in.