I'm interested to know if schools (specifically Michigan) reduce their financial aid package, and if so by how much, if a student works at a big law firm and makes big $.
I wasn't really concerned about not being able to get loans, as there seems to be tons of companies willing to make me an indentured servant. But when calculating how much debt you'll end up with, how do you estimate how much your summer earnings will actually reduce your debt. If the school reduces your grant package significantly because you earned $25,000 for the summer, then it may not even be worth it to take a firm job.
Michigan told me that they will re-evaluate my need-based grant money every year. I'm not sure what percentage of what you make will be taken from your grant, however.