From Slate via Legal Geekery, a new way for law students to pay off their loan debt:
Most people know about the plan where you’d work for 10 years at for the govt or a non-profit and they’ll forgive all your federal debt.
But this presents a new alternative called IBR — Income Based Repayment.
The first program won’t be up and running until July 2009, but it could certainly benefit many underpaid and overdebted do-gooders. The Department of Education essentially caps the percentage of your discretionary income you are expected to pay toward your student loan debt.
Via Slate & Legal Geekery Blog.
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- Northwestern to Let Deferred Grads Postpone Loan Payments
- ABA’s Loan Relief Proposal for Law Graduates Rejected by Congress
- Nine Reasons NOT to Attend Law School
- Cravath Defers 2010 Associate Class to 2011; Offers Sweet Deferal Option to 2009ers
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