we'rebothmenofthelaw wrote:1. Thanks so much to fliptrip for making this. He's clearly a person who could get you a toe by 3:00...with nail polish.
2. Wondering if it might make sense to create a second Columbia entry since the programs are so different. Sorry to create extra work and happy to contribute if I can.
3. On Columbia, does anyone know when you have to decide which program to do and whether there is any switching between the programs?
4. Irrelevant comment on the net worth cap that may be of interest to those of you interested in poverty related law...the asset limit for people on SSI (safety net program for poor disabled or elderly people with limited work histories) is $2,000 except for some statutorily excluded resources with NO consideration of debt. Just to put things in perspective before we get too annoyed by this policy...
The only real distinguishing feature between the two CLS tracks is the income/support dimension which I think is captured well enough on the sheet. The CLS LRAP document isn't really clear about timing and switching between the two payment tracks. If someone's willing to email them to ask, that would be terrific. As I read it now, you basically choose how you want to handle things when you enter and if you think you might be interested in switching between the two tracks, you opt into CLS' traditional LRAP and still put your loans on IBR. You'll get CLS' extra help as long as you're chipping in what they expect you to in order to pay your loans on a 10-year am. If you choose at some point you don't want to pay that much, you just stop and you pay only what is necessary to get you to your IBR, which will more than likely be at least some amount of money. You lose the higher income threshold for support, but you do gain the flexibility. That's just my reading, though.
e: forget about the f'in toe!