Game Of Loans: Why Are Law Schools Winning?

This is the reason why the legal profession will continue to suffer in years to come.

Until student loans bear a rational relationship to individual law school outcomes, law schools will exploit their lack of accountability, the legal education market will remain dysfunctional, and equilibrium between supply and demand will remain elusive.

Steven Harper, author of The Lawyer Bubble: A Profession in Crisis (affiliate link), commenting on the fact that thanks to the availability of tremendous federal student loans, students will continue to pour into law schools that face no consequences for their graduates’ poor employment outcomes. As a result, the legal profession will continue to suffer due to there being too many law students and too few jobs.

Sponsored