Hrun wrote:twenty wrote:Not a big fan of Cornell's LRAP because you invariably end up in a really ugly financial situation. NYC's no-contribution threshold is like 44k or some ridiculously low number. For most forms of low-prestige PI, you're not going to do exponentially better from Cornell than from Fordham. On the other hand, if OP is targeting ACLU or something, they have no business going anywhere except NYU or Columbia.
Where did you get the no-contribution threshold figures? I couldn't find them.
http://www.lawschool.cornell.edu/admiss ... 2014-2.pdf
All I see in their document is that you have to contribute 50% of net income above a certain threshold. The New York example they use is actually regarding someone who makes more than $40,000.
Example 1:
Single graduate; $55,000.00 salary in New York City;
eligible Law School loans equal $800.00/month,
or $9,600.00 annually;
undergraduate loan payments equal $250.00/month, or
$3,000.00 annually:
$48,000.00 annual income
$3,000.00 non-Law School annual education debt
payments = $52,000.00
$45,052.00 New York City Standard Maintenance
Allowance ($35,000 + $10,052 (28.72%) = $6,948.00
adjusted gross annual income
$9,600.00 annual Law School debt payment
$3,474.00 participant’s expected annual contribution
towards debt payment ($6,948 x 50%)
$6,126.00 PILIPP grant
I'm actually a big fan now of Cornell's LRAP since the whole budge proposal thing. It seems like only Harvard, Yale, Stanford and Cornell protects PI students right now in case an Obama still budget regarding student loans gets passed. However, you're the go-to person on this twenty. Is there something I'm missing?