Cornell LRAP Forum

Discuss various money matters here. Loans (federal and private), scholarships, lottery winnings, or other school finance related information and queries.
Post Reply
amt791

New
Posts: 3
Joined: Sat Feb 20, 2016 4:08 pm

Cornell LRAP

Post by amt791 » Sat Feb 20, 2016 4:19 pm

Applying next cycle and Cornell is among my top choices. Found this thread

http://www.top-law-schools.com/forums/v ... p?t=150084

But it seems like the central question there is unresolved, and I can't figure out the answer by reading through the school's material, either. On TLS's breakdown of Cornell's LRAP it says, "Unlike most of its peer schools, Cornell has an LRAP which does not require the participant to enroll in the federal government’s IBR plan." Whereas the thread above seems to be saying Cornell does not allow participants to enroll in IBR.

Anyone know which one it is, or have any other insight into this program?

amt791

New
Posts: 3
Joined: Sat Feb 20, 2016 4:08 pm

Re: Cornell LRAP

Post by amt791 » Sat Feb 20, 2016 4:58 pm

hm. somehow i missed this on the website, which seems to make pretty clear that IBR is an option
Calculating Annual Awards

Participants will receive an award equal to the amount of their total eligible yearly IBR or PAYE payments plus the annual payment due on bar study loans up to $10,000. Participants are not required to place their loans in IBR or PAYE. However, awards will be calculated as if the loans are in IBR or PAYE. The Law School has the discretion to cap annual awards at $15,000.
not sure what that earlier thread is about at all, then. maybe this is a new thing with PILIPP II.

User avatar
Lavitz

Gold
Posts: 3402
Joined: Mon May 31, 2010 1:39 am

Re: Cornell LRAP

Post by Lavitz » Sun Feb 21, 2016 1:07 am

Yeah we revamped the whole LRAP recently.

amt791

New
Posts: 3
Joined: Sat Feb 20, 2016 4:08 pm

Re: Cornell LRAP

Post by amt791 » Tue Feb 23, 2016 3:01 pm

That is a relief. Thanks.

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


Post Reply

Return to “Financial Aid”