If you can go BL then exit into a PSLF eligible govt or PI role and get the benefits of LRAP then that’s massive
AnnoyingOpenYogurt
21:08
TY for all the info <3 and yes I will also need them to advise me lol
jb2028
21:09
Oh, and as an added bonus HLS lets you roll in up to $50K for undergrad/joint degrees and up to $15K in bar-related expenses as LIPP-eligible borrowing (for standard as well as PSLF tracks)
AnnoyingOpenYogurt
21:09
It feels weird to spend the ***k I’ve saved and go back to 0. But also scary to take out loans for full coa
AnnoyingOpenYogurt
21:10
manifesting good financial futures for all of us
jb2028
21:12
Beyond the (extremely generous) topline figures, the area where the HLS plan really shines compared to its peers (And so, I assume, do YLS/SLS, have not researched as much since I have not gotten As) is those fringe questions/cases - no maximum income, lots of ancillary loans can be rolled in, edge-case employment (non-legal nonprofit) is eligible, etc. All the stuff that is not as flashy for prospective students, but can help grads a lot if your law school has more money than God
AnnoyingOpenYogurt
21:14
ah I’m reading the website and u can’t use lipp if you’re borrowing instead of paying w savings, except those 10k x year protected assets
For a sense of where the HLS endowment really makes a difference, compare to NYU - a peer school with a focus on PI. Under NYU's PSLF plan: Benefits start to phase out at the same $ amount as Harvard ($110K), but the phase-out is steeper (40% vs 30% of marginal dollars), they have a strict asset cap ($100K net worth or less), you can't roll as much debt in from undergrad ($30K vs $50K) or bar prep ($10K vs $15K), and non-legal nonprofit employment is not eligible
Or would the loans be accounted in your net worth so you still could
jb2028
21:25
I believe they'd be factored into your net worth, so you could do biglaw and then do the NYU LRAP if you slow-walk loan repayment and spend all your biglaw $ on hookers, blow, and increasingly Preſtigious (expensive) private schooling and enrichment for the kids
jb2028
21:25
Many such cases
jb2028
21:26
They just don't seem to make it out of biglaw when their lifestyle collides with the practical realities of government salaries
19 of 23 schools have now given me an admissions decision. Soon it will be 23 of 23, and all will be over, save only for my efforts to get off waitlists.
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