Post
by bmneely » Sun Mar 28, 2010 11:28 am
I dunno, unless I'm missing something it would appear to me that the law schools that have moved to align their LRAPs with IBR have been able to become far more generous as a result (since they end up saving money, even while upping the income cap).
Georgetown's covers everything if you make under 75k,
Berkeley's, everything if you make under 65k, and an expected contribution of 35% if you make between 65k and 100k
Northwestern's is less generous but still almost as good as NYU or Columbia's appears
From what I can gather
NYU: 50k and below, nothing
Columbia: 50k and below, nothing, 50k plus 34.5%
I grant that UVA's LRAP is pretty week right now, but they are in the process of revising it to work with IBR.
The other advantage I can see in these programs is that they all include UG debt (so long as it is federal).
The big disadvantage I see with NYU is the 20k asset limit. Considering that I am married, will probably be wanting to purchase a house sometime in the 10 years following law school, and as far as I can tell, that would a qualifying asset, this is a pretty big factor.
Please correct me if I'm wrong, my mind has gone buzzy several times trying to wade through various schools' LRAP information. I do appreciate the advice for blanketing the T14 and seeing what turns up. That might make all my LRAP research irrelevant after all. Thanks for the thoughts.