Originally Posted by La literatura
It would be nice to see some analysis of income based repayment plans on a large scale. I know that IBR is one of the main things that keep law school an economically rational decision for 80% of law students.
It's essentially a back-end subsidy as opposed to front-end.
Don't know what IBR is, but law school is very unlikely to be an economically rational decision for 80% of law students when only 50% of law school graduates are getting jobs. Indeed, I just saw today an article in the ABA Journal referring to "massive" law school layoffs, likely lowering of admission standards and other effects from a dramatically reduction pool of law school applicants as a result of the increasing recognition that law school is a very poor choice for a very large number of attendees/graduates.
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