Student Loans
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Law Schools, Money, Plaintiffs Firms, Student Loans
Loyola Chicago Sells Its Naming Rights Renames Building for Alumnus
UPDATE / CORRECTION: After we noticed comments 34 and 41, we reached out to Loyola Law School for clarification. A Loyola spokesperson confirmed that the Chicago Tribune made an error: Loyola has renamed its main building for Philip Corboy, but NOT the school itself. For a correct account of what has taken place, see the […] -
Clerkships, Job Searches, Pictures, Student Loans
How Has the Recession Affected You?
Now that the New York Times has covered it, it’s official: the recession has hit the legal profession. Here’s more evidence. Yesterday afternoon, while walking along 53rd Street in Manhattan (between Broadway and Eighth), we came across The Man in a Van. Aaron Heideman, aka The Man in a Van, is traveling around the country, […] - 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… -
Law Schools, Money, Rankings, Student Loans
Dollar Store for Law Schools
Do you want to purchase a discount legal education, but you don’t know where to look? A new list from the National Jurist will point you in the right direction. Tax Prof Blog reproduces the list of which law schools give you the most bang for your buck. Here are the top 15: How do […]
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Student Loans
UC Irvine Law Doesn't Need U.S. News To Get Prestige
In a world where there are already too many law degrees flooding the market and allowing firms to handle their associates like fungible assets, the new law school at UC Irvine continues to rake in positive press. We’ve previously noted that the new law school is already one of the most selective in the country. […] -
Contests, Law Schools, Student Loans, Videos
Why Did You Decide to Go to Law School?
Many of you are probably asking yourselves that very question. Especially if you are deeply in debt and/or without legal employment. We decided to go to law school because, well, we didn’t have anything better to do. Law school has been described, quite accurately, as “the great American default option.” If you’re in the same […] -
Law Schools, Money, Student Loans
Public Law School Tuition On The Rise
Just this morning, we distinguished between a recent graduate who is suing her alma mater, and the general need for somebody to rein in law school tuition. Today, the National Law Journal provides us with additional evidence that law school administrators are totally detached from the economic realities facing law school graduates: Double-digit tuition increases […] -
Money, Student Loans
Unemployed Student Wants Her Money Back
You all know me here. I’m the guy that has relentlessly pushed for the government to do something about the crushing level of student indebtedness in this country. I have argued that students should be more easily able to discharge their debts through bankruptcy. I’ve implored law schools and universities in general to stop bilking […] -
Education / Schools, Student Loans
Bankruptcy Won't Discharge $350,000 of Student Loan Debt for Law Graduate
Maybe the student loan bailout movement just received its first martyr. While people in the industry have long known that student loans cannot easily be discharged through bankruptcy, maybe a high profile case will clue the general public in on this needlessly unfair burden for those who seek post-graduate degrees. Mark Jesperson had $350,000 in […] - Sponsored
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Bar Exams, Education / Schools, Job Searches, Legal Ethics, Money, Student Loans
$400,000 in Student Debt = Character & Fitness Fail
The New York Times has a fascinating story about Robert Bowman. Bowman took the bar exam four times and racked up $400,000 in student debt on his quest towards becoming an attorney, only to be denied admittance to the bar based on character and fitness. He sounds like a cross between Don Quixote and Jimmy […] -
Education / Schools, Money, Student Loans
Student Loan Bailout: You Only Have to be Broke for Ten Years
A new federal program promises student loan forgiveness for people who qualify after they’ve dutifully paid their debts for ten years. The program will also cap monthly loan payments depending on income. The act, passed in 2007, is set to become effective on July 1st. The National Law Journal reports the awesome news: Some members […] -
Education / Schools, Student Loans
Minnesota: Protects College Students, Sticks it to Law Students
The state of Minnesota is providing more evidence that law schools are completely out of whack with the current market realities. The state is doing what it can to keep undergraduate tuition low, at the expense of law students who will be drowning in so much debt they’ll need to grow gills. The Minneapolis Star-Tribune […] -
Student Loans
Harvard Law School Adapts Financial Aid Policy to the Changing Market
If you have ever been on financial aid, you know that many law schools require you to work over the summer and make financial contributions towards your debts based on your summer employment. Harvard Law School has such a requirement. Financial aid awards have been traditionally determined based on a ten-week, minimum summer work requirement. […] -
Education / Schools, Law Schools, Money, Student Loans, UNC Law
UNC Law Abruptly Ends Loan Repayment Assistance Program
On Monday, we warned you that student loan forgiveness programs were under attack. Today, the University of North Carolina School of Law informed students that the school could not afford to make the promised loan repayments to students in low income jobs. Here’s the email from UNC Law Dean Jack Boger: We are writing to […]
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Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
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This AI-Powered Document Tool Will Meet You Where You Are
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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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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.
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Education / Schools, Money, Student Loans
Student Loan Bailout: Are Loan Forgiveness Programs In Danger?
While the vanguard of the student loan bailout movement pushes on (vanguard = me and this guy), the bailout army is in danger of being outflanked. The New York Times has been reporting that student loan forgiveness programs may not be on solid ground, especially at the state level: If you want to become a […] -
Education / Schools, Money, Student Loans
Student Loan Bailout. We Are So Going to Make This Happen
The United Kingdom, (a/k/a: Mother England. f/k/a: The Little Island that Could), just lowered the student loan interest rate to 0%. 0%! God save the Queen: More than 2.5 million students will pay 0% rate of interest on their loans from September, the government announced yesterday. Hopes were raised last month that students would effectively […] -
Education / Schools, Money, Student Loans
Student Loan Bailout: The Choice of a New Generation
A couple of months ago, it occurred to me that if the government didn’t start tackling the student loan issue, people would simply stop paying off their loans: The stick is this: nobody is really going to pay you back anyway. Where do you think loan payments rank on a priority list that includes: food, […] -
Education / Schools, Money, Student Loans
Student Loan Bailout. Just Do It.
Dear President Obama, First Lady Obama, Treasury Secretary Geithner, Education Secretary Duncan: Hello all. I am writing on behalf of the massive amount of educational debt that I am no longer able to pay. Like so many young Americans, I got into a much better and more expensive school than my family could afford. After […]