Law Schools, Student Loans

Senators Are Tired Of Law Students Flushing Loan Dollars Down The Toilet For 'Worthless' Degrees

Can we look forward to law school tuition finally being regulated via federal loan caps?

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Now that we’ve taken the cap off what you can borrow for graduate courses, they have decided they are going to just charge to the heavens in terms of tuition for worthless, worthless law school degrees.

— Senator Dick Durbin (D-Ill.), commenting on the obscene amount of debt students accumulate at for-profit law schools during a Congressional meeting on student debt that took place earlier this week. In an emailed statement to Bloomberg, Senator Chuck Grassley (R-Iowa) also said, “We need to move away from a system that results in too many law school graduates twisting in the wind.”

(More and more senators and elected officials have decided to take on the law school debt issue after reading a new report by Law School Transparency detailing the number of law schools that continue to admit students who will likely be incapable of ever passing a bar exam, but will graduate from these law schools woefully indebted with hopeless employment prospects.)

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