No *&^% they don't "plan" to use it, since they don't "plan" to make that little to begin with. BUT if they do,then it's there.
Plus the interest at that point might as well be imaginary since it's forgiven and disapears into thin air at the end of the clock for them anyways.
If you make too much to use the program, then you don't need to bitchabout low income. If you do qualify, then you don't need to bitchabout high repayment. Other way it's fine.
Lawstudents and lawyers just want to keep people out to lower the competition. Stop trying to keep some teen from going to school and just do a better job and you'll be fine. Just don't suck.
Where are you getting your information? Are you graduating law school in 2011 or staring law school in 2011?
Either way you are straight up wrong.
There are plenty of law jobs out there for 35-45k a year. The public sector jobs that pay around 55,000 have hundreds of applicants from strong schools.
Your claims about the income based payback are screwed up too. Even if you do get the opportunity to defer more of your payments, your loans will still accrue interest, and if you ever do start making good money you will have to pay large payments.
Here is the information on income based repayment http://studentaid.ed.gov/PORTALSWebApp/students/english/IBRPlan.jsp
it's a good option for those who are in trouble, but very few people should go to law school with plans to utilize this program.
Even T4 Grads with a 2.05 graduating GPA start out at around $50K, PLUS the Govt has it as income based payback now(if you F'up and make less than $20K the payment is ZERO each month, PLUS after 25 years it's AUTOMATICLY expunged debt!)
So, if you'd prefer to cry and see clothes at the mall, go for it. Just STFU on the way out,
Law school is not worth the 100K+ debt you will incur and the 30K job prospects you will have later.