• Welcome to OGBoards 10.0, keep in mind that we will be making LOTS of changes to smooth out the experience here and make it as close as possible functionally to the old software, but feel free to drop suggestions or requests in the Tech Support subforum!

CT 757: does anyone know a paralegal who enjoys insensitive jokes

Status
Not open for further replies.
BeachBumDeac said:
I mean, not really? They don't have to make 10 years worth of student loan payments, so they have a lot more disposable income during the early years of their career when they can invest it and it can really pay off decades later.
Click to expand...

In this scenario, they earned that privilege by being a high achiever. But it's a silly, very specific argument.

I do think, since our government has no problem spending ridiculous sums of money, that increasing the incentive post 10 years of government service to include other non-student loan funds (retirement, 529, etc) could be a good idea to keep workers around.
 
tigerswood said:
In this scenario, they earned that privilege by being a high achiever. But it's a silly, very specific argument.
Click to expand...

But again, your scenario also posited that they were identical achievers in college. Why should someone who was a high achiever in high school (where outcomes are much more driven by parental involvement and quality of the school system) get a huge advantage for 10 years over someone that did exactly the same as they did in college (where the individual is more responsible for outcomes)?
 
tiger, your scenario compares two high achievers. You seem to think the marginal difference between them should result in a massive difference in short-term and long-term earnings.
 
what if, instead of A getting a scholarship and B not:

A makes a fiscally responsible decision and attends public university in home state
B chooses to pay more to go to private university (despite university having an advertised shitty Career Services department) and takes a loan

they both made a financial decision when it was time to go to college, but B gets the loan paid for while A gets no similar benefit?
 
Last edited:
But isn't the real problem that we have too many people with higher education dedicating their lives to low paying public service jobs? Should we remove the incentive.

In reality though, the actual number of people that qualify at the end of 10 years of service or 120 payments is so small. Either because its a hell of a life working on that pay scale and paying loans or because the program makes it so difficult to qualify.
 
TimmyClutch said:
But isn't the real problem that we have too many people with higher education dedicating their lives to low paying public service jobs? Should we remove the incentive.
Click to expand...

seems to be a conflation of low-paying and low-value here
 
tigerswood said:
How does this work? What happens if they don't have any student loans or any student loans left unpaid? Is it a vesting schedule that pays out $300K regardless?
Click to expand...

PSLF

https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service

JuiceCrewAllStar said:
pretty sure he's talking about the federal loan forgiveness program for people who work in certain careers for ten years and $300k is just using the number biff quoted

i didn't realize paralegals were an eligible career for this benefit
Click to expand...

Anyone who publicly serves for 10 years is eligible.

tigerswood said:
Right, but how does this work for people with no loans? They just miss out on a massive windfall for (all things equal) doing the same amount of work?
Click to expand...

Yes. One of my biggest financial blunders is working my ass off to pay down 1/2 of a $200,000 law school loan. The remainder was officially forgiven last month.

JuiceCrewAllStar said:
nah you still have to make payment on loans over ten years -- the balance is forgiven

but honestly, if you can go to school debt-free then no need to sweat somebody else's "windfall"
Click to expand...

Even making low-mid six figures, I was able to structure the PSLF payments to be negligible each month. <$100. Early in my career they were $0 (like the first five years).
 
tigerswood said:
Kid A gets a scholarship, Kid B doesn't. Kid A and Kid B both have the same GPA and get the same gov job out of school. Kid A works harder than Kid B and is a much higher contributor, but they move through the ranks at the same pace. Kid A has no student debt at the end of 10 years, while Kid B has $100K remaining. Kid B basically gets a $100K bonus after 10 years, while Kid A gets nothing. That is definitely something Kid A should sweat.

It should be some sort of vesting schedule that can be used to pay off student loans or go towards retirement. It should not just be student loans or nothing.
Click to expand...

The "vesting schedule" that you're talking about is administratively burdensome. For someone who didn't know a damn thing about PSLF two pages ago, you're developing some strong opinions.


BeachBumDeac said:
dude you just learned about PSLF an hour ago and you are dead set against it as a socialist handout?

The idea is that it is an incentive to take a lower paying job with either a non-profit or the government. You are not eligible for loan forgiveness if you work in private practice. You still have to make ten years worth of payments (120 payments while having an eligible job - if you take a 3 year break from public service, those years don't count) before the rest of the loan is forgiven. It is not a bonus, it is a small incentive to help prevent brain drain to private industry.
Click to expand...

Tigerswood, this is the RARE BBD/Knight alignment. You know you done fucked up if these two moons are in concert on an issue. Even if they are both extremely sexy moons.

PhDeac said:
The math and logic here is way off. Kid A got a scholarship and didn't have 10 years of student loan payments. Why should they be mad that Kid B can stop paying student loans? Kid A has had a huge advantage for 14+ years.




I don't really know what people think professors make. People don't know much about how the profession is structured.

What do people here think professors make?
Click to expand...

I have represented two professors at different times that both went to a top 10 school (Dook). Both of them were indigent.
DeaconCav06 said:
I know plenty of people that were paralegals before going to law school and plenty that found out they didn’t want to go to law school after being a paralegal.

Wake has plenty of majors with no skill set that should jump at a $60K job.
Click to expand...

#SmartPeopleSaySmartThings
 
tigerswood said:
Nah they should have just skipped class, smoked weed, and played video games in HS. Who needs a scholarship!
Click to expand...

Bro, they have to work in public service. Do you know what that means?

Do you have any idea the salary that I could command outside of the public sector? I'm a federal trial attorney with 10 years of experience. What do you think that's worth in the private sector?

Here's a hint: most people in my position don't utilize PSLF to pay off their $300,000++ loans, because they just use a (relatively modest) portion of their take-home pay to pay it off in the first few years of private sector employment.
 
Guessing the salary range for tenure track/assistant > full prof to be like $75-250k? Just a wild range depending on your school, your department, and how much $ you earn for your school in various ways.
 
Could you imagine Doug & mako working together?

I certainly can’t imagine ever working with my dad.
 
Donkey Deac Doug said:
Bro, they have to work in public service. Do you know what that means?

Do you have any idea the salary that I could command outside of the public sector? I'm a federal trial attorney with 10 years of experience. What do you think that's worth in the private sector?
Click to expand...

JFC, this is peak DR-level here. Lawyers, man.

Getting career public sector employees (other than politicians, screw them) more money overall, independent of student loan balance, seems like an OK opinion to have.
 
TownieDeac said:
Guessing the salary range for tenure track/assistant > full prof to be like $75-250k? Just a wild range depending on your school, your department, and how much $ you earn for your school in various ways.
Click to expand...
This range is pretty close for Research One, state flagship, or Ivy. Though 250k is way, way on the high end and much more likely for administrators and some elite scientists.*

Scale for SLAC and regional colleges much, much lower. Community colleges usually lower unless in metropolis. Adjuncts can't even afford health insurance.

Elite SLACs will be closer to your range at the assistant level but won't have research scientists on faculty so the top end range will be much lower.

*If you include medical and professional school faculty your top range could be extended. Like an "Full Professor" neurosurgeon is obviously making more than 250k but technically had an academic appointment
 
Career services should not have let the company I went to work for after Wake recruit on campus. That place was straight up predatory but fortunately I got out after a painful 8-months.

There were two other folks from my class that started with me and realized we needed to get out after about the first month.
 
Status
Not open for further replies.
Back
Top