Top Law Schools

So it looks like some LRAPs will consider retirement accoutns as assets and thus lower their assistance to you. This would be relevant if one were to work in BigLaw for a couple years and then go into an LRAP-eligible position. How much do people usually put into retirement accounts while paying back loans?

I'm wondering if that savings would potentially get swallowed up.

if you work in biglaw a couple years theres no need for LRAP.. also do they even let you do that?

Why is there no need? You'd only pay off 2 years of your loans. With 10 year loans, of course there's a need?

slsorhls wrote:Why is there no need? You'd only pay off 2 years of your loans. With 10 year loans, of course there's a need?

I think what they mean is that most people opt to put a great deal of their income into loan repayment, because not many people are in biglaw for 10 years.

He said a couple of years. That's clearly nowhere near enough, so this question becomes relevant.