<p>AmericanSki:</p>
<p>I’m sorry that you are so angry.</p>
<p>Moving onwards, it is my understanding that you are neither a law student nor a lawyer. Why the presumption of authority? </p>
<p>Harvard does have a loan repayment programme. However, it isn’t FREE. There are some limits on loan repayment (i.e. if most people in your field don’t have law degrees), and it is quite possible that some people go to law school without the desire to be lawyers. </p>
<p><a href=“http://www.law.harvard.edu/students/finaid/lipp/income.php[/url]”>http://www.law.harvard.edu/students/finaid/lipp/income.php</a>
For the income levels. Let’s say that you really, really want to be a public defender in NYC. You’re making about $50,000/year. You still have to pay $4,000/year in loan payments. Over ten years, that’s a down payment on a house. </p>
<p>Now imagine someone who works in a small firm and makes $80,000/year - a position that any reasonably good graduate of a reasonably good school should be able to obtain. That person would pay $15,600 annually, for ten years - pretty much the entire cost of an HLS education. Why do that if you can live debt-free? Imagine that the person’s annual loan payment, without LIPP, would be $18,000/year. Why on earth would that person, with the HLS debt, not work in a top firm, knowing that he’ll ultimately make a lot more money by forgoing the loan repayment?</p>
<p>Do the numbers, dahlin. There’s no free ride.</p>
<p>There is a tremendous amount to be said for not having a lot of student loan debt</p>
<p>“Irrational fear” and “hick firms” - I advise you to do your research before speaking so thoughtlessly. Law firms, by nature, are extremely risk-adverse: they will not want to take someone whom they view as only using the position as a temporary job. They want people who are planning on staying in the area indefinitely. To that extent, demonstrating geographical connections can be very important: if you are trying to establish yourself in an area that you don’t have many connections with, why not go to the local school? If you’re good enough to get into Yale, some excellent schools are going to throw merit aid at you. If you want to work in Chicago, why not take merit aid from Northwestern or UChicago, graduate with less debt, and have a fantastic answer for employers who ask, “Why Chicago?” I have never been on an interview in which the employer did not ask, “Why my town?” Some of them have immediately looked at my resume and said, “Oh, you’re from here.” I would wonder though about a student who has not lived in the area in question for four years of college and three years of law school. </p>
<p>It’s not irrational. Your saying that it is irrational does not make it so.</p>
<p>Calm down, think through what you are saying, and get out of your rigid mentality.</p>