Law School Reality

The Law-School Scam

The Atlantic:  “For-profit law schools are a capitalist dream of privatized profits and socialized losses. But for their debt-saddled, no-job-prospect graduates, they can be a nightmare. . . . lorida Coastal is one of three law schools owned by the InfiLaw System, a corporate entity created in 2004 by Sterling Partners, a Chicago-based private-equity firm….

Current Events | Government Helping Us - Not | Law School Reality

Ripping Off Young America: The College-Loan Scandal

Rolling Stone: “The federal government has made it easier than ever to borrow money for higher education – saddling a generation with crushing debts and inflating a bubble that could bring down the economy. . . . But the dirty secret of American higher education is that student-loan interest rates are almost irrelevant. It’s not the…

Law School Reality

Can Law School Be Made Affordable?

New York Times:  “The economics of legal education are broken. The problem is that the cost of a law degree is now vastly out of proportion to the economic opportunities obtained by the majority of graduates. The average debt of law graduates tops $100,000, and most new lawyers do not earn salaries sufficient to make…

Law School Reality

The Debt Crisis For Law School Graduates

Tax Prof Blog:  “Approximately half of the 45,000 people who will graduate this year from ABA-accredited law schools will never find jobs as lawyers. (The Bureau of Labor Statistics estimates that over the next decade 21,000 new jobs for lawyers will become available each year, via growth and outflow from the profession.)  Most of those…