Loan repayment assistance programs (LRAPs) are magic wands that make debt disappear for students who are good-hearted enough to enter public service. Sure, you’re earning a quarter of what your classmates are making, but you’re making the world a better place, and karma repays you for that. With your loan repayment, you get a unicorn to ride to work and a lifetime’s supply of free candy canes. Oh, and you officially get to celebrate your half-birthday, which means more presents!
There are many students who enter law school every year with dreams of entering public service after they graduate. The salaries aren’t nearly as high as those in the private sector; your loans, however, will be. So how do most students expect to cover the gap?