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Messages - Budlaw

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81
Incoming 1Ls / Re: Law firns pay off student loans?
« on: April 30, 2008, 06:41:01 PM »
Do GradPlus loans count?  IF so that would be most people's total debt.

Right. GradPlus loans are federal. The only people who might be in trouble are those who had to take out large private loans beyond what is awarded to you by your financial aid office.


First, how many people do you think are really going to work for the government for 10 years? When is the last time you were in one place for 10 years? People change jobs all the time, and lawyers even more so.

So yes, its nice that this bill passed, but don't kid yourself into thinking that it makes it so you'll have free school because of it. 10 years is a long time to commit to one venture especially when your earning potential is capped out because you work for the government and your buddies from law school are making hundreds of thousands of dollars a year.

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Incoming 1Ls / Re: Law firns pay off student loans?
« on: April 30, 2008, 08:59:40 AM »
yes, this bill did pass. Basically it says that if you work 10 years in government, public interest, or a related field, your loans will be forgiven. You can access detailed info here:

http://www.law.georgetown.edu/news/releases/documents/Forgiveness_000.pdf




I'm not sure exactly what you are talking about, but many public interest law firms and DA/PD offices will pay a certain monthly amount toward your loans.  Congress was recently considering a bill to forgive a certain amount of debt to lawyers who worked in public interest or DA/PD offices.  I believe the terms were if you paid on time for ten years, the remaining balance would be forgiven.

I'm not sure if that passed.

Its your "federal loans" that will be forgiven. Not your private loans. Pretty big distinction there.

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Yes we'd hate to upset their delicate feelings.

84
Current Law Students / Re: Can I Get A Job in NYC after Graduating?
« on: April 27, 2008, 02:10:13 PM »
oh i misread the OP, I thought s/he was clerking after graduation.

You misread because you're a giant feminine hygiene product.

85
You consider a contract involving giving somebody $100,000 in exchange for a promise to go to one of the top law schools in the country an adhesion contract? An adhesion contract is only invalid if it is one no reasonable person would sign. The Model Rules of Professional Responsibility do not apply to anybody because they are the MODEL rules. Not to mention NY's professional responsibility law is based on the old model code, they never switched over. Anyway, you can be rejected from the bar for planty of things that would not get you disbarred, since there is a general "good moral character and general fitness" rule. I don't actually think this would prevent his bar admission but you had better believe they will ask about it. As for not opening themselves up for being haled to court? Again, what colorable, not even winnable, but colorable legal claim could they make. Furthermore, NYU is a major university. Fending off a loser lawsuit is a joke to them.


and this is not going to be much of a fight. Sorry.

You're right. Its not much of a fight because you already lost. The "contract" is legally unenforceable and the person is not being unethical when he/she doesn't withdraw other apps.

You got mad because someone would dare to contradict you. Your little ego couldn't comprehend that. Get over yourself.  :-*

86
You consider a contract involving giving somebody $100,000 in exchange for a promise to go to one of the top law schools in the country an adhesion contract? An adhesion contract is only invalid if it is one no reasonable person would sign. The Model Rules of Professional Responsibility do not apply to anybody because they are the MODEL rules. Not to mention NY's professional responsibility law is based on the old model code, they never switched over. Anyway, you can be rejected from the bar for planty of things that would not get you disbarred, since there is a general "good moral character and general fitness" rule. I don't actually think this would prevent his bar admission but you had better believe they will ask about it. As for not opening themselves up for being haled to court? Again, what colorable, not even winnable, but colorable legal claim could they make. Furthermore, NYU is a major university. Fending off a loser lawsuit is a joke to them.


and this is not going to be much of a fight. Sorry.

I know because you already lost. The bottom line is that this "binding agreement" is unenforceable, and that his/her behavior is not unethical.

You got upset because your ego wouldn't allow anyone to contradict your claim. Get over yourself. You were wrong.  :-*

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Financial Aid / Re: Expected Contribution Question
« on: April 26, 2008, 05:56:56 PM »
You misheard or they mis-told you.

You take any grants or scholarships off the top.  Then you take subsidized Stafford.  Then you take unsubsidized Stafford.  Then a Perkins, if your school offers them. THEN you take GradPlus or a private loan.  You can borrow the entire cost of attendance without paying any money.



The only time EFC matters is if you're an undergrad student trying to take out loans. Its a totally different ball game with grad school funding. I really think you're worrying about nothing. So what if you have to take out a private loan instead of a GradPlus loan? 

89
Current Law Students / Re: Can I Get A Job in NYC after Graduating?
« on: April 26, 2008, 05:36:32 PM »
That's an understandable question.  I interviewed at a bunch of firms for summer associate positions, but nothing panned out. It was very frustrating. Perhaps my interviewing skills needed some work, though I thought most of them went pretty well.  It appeared that to get a SA job in NYC from my law school (Buffalo), you needed to either be on the law review or have straight A's.  I also did a fair amount of interviewing at upstate new york firms (Buffalo, Albany, Syracuse, Binghamton, etc.), but nothing came of them...It seemed that the upstate new york firms, especially those in Buffalo and Rochester, were looking for students who hailed from those cities.

During the interview with the magistrate judge, he came right out and asked me if this was a back up plan. I had to answer in the affirmative.

I figured that clerking for a judge would place me in a better position to get a big law job (not Cravath or Sullivan, but you know what i mean...) than would be working at a 3-5 person Buffalo firm for $8 /hr.  (Though, as it turned out, I guess beggers shouldn't be choosey).

(Note: At Buffalo, LR selection is based on 50% grades and 50% casenote...which makes it possible to be in the top 10%, but not be on law review.)

I got you. Well I still think you'll be able to get a job after graduation in NYC if you keep your grades up and really hit the pavement. You just won't be handed it on a platter. Good luck.

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