Student Loans
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California, Law Schools, Money, Student Loans
Is California Ready to Get Into the Student Debt Fight?
Howard B. Miller, President of the State Bar of California, penned a provocative letter for the California Bar Journal. In it, Miller suggests that the California bar has a duty to help stem the tide of law students graduating with a crushing amount of educational debt: Do we in the profession have an obligation to […] -
Law Schools, Quote of the Day, Student Loans
Quote of the Day: And How About $150,000?
Spending $50,000 for an education you can’t use is really frustrating. — Jade Stier, a teacher who went to nursing school after spending three years trying to find a job teaching at an elementary school. - Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm. -
Elena Kagan, Money, Real Estate, Skaddenfreude, Student Loans
Open Thread: What's Your Net Worth? (And how does it compare to Elena Kagan's?)
Earlier this week, we published a Lawyerly Lairs post about a graduating 3L named Jimmy. According to the blog Urban Turf, “Jimmy” is a 27-year-old law student with a job in D.C. Biglaw lined up, starting at $160,000. If that’s not enough to make you hate Jimmy, he also has a credit score of 781, […]
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Lawyerly Lairs, Real Estate, Student Loans
Lawyerly Lairs: Law Student Edition
Are you tired of reading about lawyers and law students struggling under massive educational loans? The debt-saddled law student has become something of a walking cliché — and the stereotype is not universally true. According to the 2009 Law School Survey of Student Engagement (p. 14), between 10 and 15 percent of full-time law students […] -
Law Schools, Student Loans, UNC Law
Mean Blog Comments End Quest to Go to Law School for Free
A week and a half ago, we ran a story about a student who was soliciting donations so she could go to UNC Law School without incurring student debt. She dreamed a dream, but the tigers come at night. The would-be law student, Sarah Allen, was ripped apart in the press, and now wants no […] -
Student Loans
Student Loans for Homeless People?
Let’s hope law schools don’t figure out this trick pioneered by a New Jersey college. Bloomberg Businessweek reports: Drake College of Business, a for- profit higher education company based in New Jersey, suspended its recruiting of students from homeless shelters while accreditors scrutinize the practice. For those who keep telling me that discharging student loans […] -
Law Schools, Money, Student Loans, UNC Law
Would-Be Law Student Solicits Donations to Attend UNC Law School
And I beheld when he had opened the sixth seal, and, lo, there was a great earthquake; and the sun became black as sackcloth of hair, and the moon became as blood. When I was living in a spider hole on an uninhabitable island, God revealed to me the story of Sarah Allen. The ABA […] -
Law Schools, Money, Student Loans
The Next Bubble: Law School Tuition
It’s one thing when I write about how crushing law school debt has impacted the value proposition of going to law school. I’m just repeating what every jobless 4L already knows. And prospective law students, 0Ls, have already proven that are too full of themselves to take out a calculator before they commit to three […] - Sponsored
How Generative AI Will Improve Legal Service Delivery
Learn how emerging tools will likely change and enhance the work of lawyers for years to come in this new report. -
Law Schools, Student Loans
The Hubris of Would-Be Lawyers
The oversupply of lawyers. It’s a problem. There might not be a lawyer oversupply at the bottom end where poor clients need legal services at a price point that makes it hard for young lawyers to pay off their debts. But at the top end, there are too many lawyers seeking a diminishing number of […] -
Basketball, Law Schools, Money, Sports, Student Loans
2L at Kansas Law Thinks NBA Draft a Safer Bet than OCI
It has been a sports heavy day here on ATL, and in its own way this story is much more interesting than a coincidental intersection of legal issues and sports themes. You see, it’s a sad day in your life when you realize that your parents misled you into pursuing higher education. Sure, education is […] -
Law Schools, Student Loans
USC's Ultimate Solution for Student Debt
A tipster reports that USC’s Gould School of Law has a new proactive solution to student debt: death or permanent and total disability. That’s right, USC kids. If you can’t get a job coming out of the Gould School of Law, you could always just die. Perhaps not the J.D. you had in mind when […] -
Bankruptcy, Money, Student Loans
Supreme Court Tackles Student Loan Debt
The Supreme Court ruled that a student’s failure to show undue hardship didn’t void a bankruptcy agreement to discharge student debt. It’s a minor victory for student debtors everywhere, and Justice Clarence Thomas did all he could to limit its effect. The decision came down today in the case of United Student Aid Funds v. […] -
Intellectual Property, Law Schools, Student Loans
Franklin Pierce Law Center In Talks to Merge with University of New Hampshire
We’ve got another public university in New England looking to acquire a third tier law school. But don’t worry, we’re not looking at another Southern New England School of Law/UMass situation. There, UMass acquired the unaccredited Southern New England under the guise of making a place for public interest lawyers in Massachusetts — at the […]
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Profit Powerhouse: Elevating Law Firm Financial Performance
In this CLE-eligible webinar on April 10th, we’ll explore the most common accounting pitfalls and how to avoid them for your firm.
Sponsored
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How to best leverage generative AI as an early adopter with ethical use.
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How Generative AI Will Improve Legal Service Delivery
Learn how emerging tools will likely change and enhance the work of lawyers for years to come in this new report.
Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
If 2023 introduced legal professionals to generative AI, then 2024 will be when law firms start adapting to utilize it. Things are moving fast, so…
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Bar Exams, Law Schools, Student Loans
The College of Law -- London, Makes Move in U.S. Market
Do you want to sit for the New York Bar Exam without spending three years in an American law school? Now you can. But you’re not going to be saving a whole lot of time, and we’re not sure if you’re going to be saving any money. The Lawyer reports that the College of Law […] -
Law Schools, Money, Student Loans
Hypocrisy on Stilts: Law School Professor Calls Out Trade Schools Over Student Debt
There was an article in the New York Times this weekend that jumped off the page and kind of smacked me in the mouth. The headline reads: “The New Poor — In Hard Times, Lured Into Trade School and Debt” Oh, the New York Times is finally starting to notice law schools that are profiteering […] -
Email Scandals, Money, Screw-Ups, Student Loans
Wake Forest Gives Law Students Money, Takes it Back Immediately
For one glorious moment, prospective law students thinking of going to Wake Forest Law School learned that they had received the Melanie Nutt Scholarship from the school. Then, in an instant, the scholarship was recalled. Apparently the offer of free money was a technical error: About ten minutes ago I received an e-mail from them […] -
Quote of the Day, Student Loans
Quote of the Day: The Mayan Plan for Debt Repayment
Well, the end times are coming in two years, anyway…. — A Liberty University School of Law student, discussing crushing law school debt and dismal employment prospects with a representative of a bar exam prep company. -
Education / Schools, Law Schools, Rank Stupidity, Southern New England School of Law/Umass, Student Loans
UMass Law School: All Systems Go.
Ed. Note: We apologize for our technical difficulties. The commenting function should now be working again. It’s official. Southern New England School of Law will be converted into the first Massachusetts public law school by the University of Massachusetts. The Boston Globe reports: The Board of Higher Education today approved the creation of Massachusetts’ first […] -
Barack Obama, Education / Schools, Money, Quote of the Day, Student Loans
Quote of the Day: But What About Law School?
In the United States of America, no one should go broke because they chose to go to college. — Barack Obama -
American Bar Association / ABA, Law Schools, Student Loans
ABA Defends Itself -- and Explains Why It Can't Stop New Law Schools
Earlier this month, Mark Greenbaum penned a blistering op-ed in the Los Angeles Times, blasting the American Bar Association for not exercising greater regulatory control over law schools. Obviously, I’ve been publicly begging the ABA to do something about the proliferation of new law schools and new law students, hoping against hope that lawyers would […]