Paying sticker + PI…is it even possible? Forum

[iliketurtles123]

NYU's LRAP doesn't require all 10 years.

If you stay for 3, it "locks in" for the 3 years you stayed.
Then every year after that "locks in".

Or that's how I remember it
Hence, even if they cap it, it won't affect NYU's LRAP as much as other schools (though it would depend on when it caps)

[midwest17]

NYU's LRAP doesn't require all 10 years.

If you stay for 3, it "locks in" for the 3 years you stayed.
Then every year after that "locks in".

Or that's how I remember it
Hence, even if they cap it, it won't affect NYU's LRAP as much as other schools (though it would depend on when it caps)

Can you clarify what you mean by this? I looked at NYU's LRAP in some depth, and I have no idea what you're talking about.

[desiballa21]

Disclaimer: 0L, but one who has researched LRAPs and PI placement extensively and has family members and friends doing PI with large amounts of debt.

Fortunately for you, NYU's LRAP is arguably the most generous program there is-it has full coverage up to $80,000, and some coverage even above that. Most PI (excluding fedgov and a handful of others) will be below that income cap. NYU's PI placement is also very strong, so the chances of you being able to find a PI job out of NYU are significantly better than out of GULC.

VERY IMPORTANT CAVEAT: if you are married to your SO and your SO makes more than you expect to make, it will negatively impact your ability to qualify for LRAP coverage. There are only a few LRAPs that don't factor in spousal income (Chicago and Michigan are two that I can remember off the top of my head), so you should discuss with your SO how this will impact your ability to get married, if you aren't already. If you are already married and your SO makes more than your projected future income, this changes the calculus.

True whether you file jointly or separately?

[midwest17]

Disclaimer: 0L, but one who has researched LRAPs and PI placement extensively and has family members and friends doing PI with large amounts of debt.

Fortunately for you, NYU's LRAP is arguably the most generous program there is-it has full coverage up to $80,000, and some coverage even above that. Most PI (excluding fedgov and a handful of others) will be below that income cap. NYU's PI placement is also very strong, so the chances of you being able to find a PI job out of NYU are significantly better than out of GULC.

VERY IMPORTANT CAVEAT: if you are married to your SO and your SO makes more than you expect to make, it will negatively impact your ability to qualify for LRAP coverage. There are only a few LRAPs that don't factor in spousal income (Chicago and Michigan are two that I can remember off the top of my head), so you should discuss with your SO how this will impact your ability to get married, if you aren't already. If you are already married and your SO makes more than your projected future income, this changes the calculus.

True whether you file jointly or separately?

I thought it was, but it looks like NYU excludes spousal income if you file separately: http://www.law.nyu.edu/financialaid/lrap/lrapfaq