« on: March 26, 2004, 07:32:36 AM »
Okay. Two issues: ranking and true quality of a school and loan forgiveness.
Karen, the programs vary from school to school. Some of them do require very low salaries, but others have a sliding percentage scale that goes all the way up to like $50,000. Some make the criteria just working for a nonprofit or gov. institution and don't worry about the salary. I'm only familiar with those from Georgetown, Yale, and Cornell, but I think there is a lot of variance. I have a lot of friends who have been well served by them, but of course it's not perfect. For example, one yale grad friend of mine still owes 100,000 on her principle, but has been saved by this program. However, she got pregnant and wanted to stop working, but couldn't because then her loans would start again in full and she couldn't afford it on her non profit salary. So she worked all through her pregnancy.
Suzy Q -- I hear you. And I do believe that the law world's focus on ranking and reputation is pretty dumb. I don't think the quality of law schools is as different as their perceived reputations are. However, from everything I've heard and seen, doors do open or close for you in terms of opportunity for certain jobs based on the perception of your school's reputation. Now I'm sure you could find some great little nonprofit that doesn't care where you went, but in case you ever wanted to go bigger and be a bigwig at the ACLU, or LCHR, or whatever, I think a higher tiered school will make a difference.