Like many of you, I read the epic New York Times article on law school debt over the weekend. To answer the most consistent question I’ve received in the past 36 hours: no, I don’t feel like I’ve “won.” And I don’t feel like the NYT has somehow validated some of my commentary over the past two years.
Because the New York Times article, by David Segal, simply captures a story that everybody who has been paying attention already knows: law students are getting themselves into serious debt problems, with no plan for how to pay the debts back. This we know.
But there are things we don’t know. How do you get prospective law students to pay attention to the harsh economic realities before they sign up for law school? What can be done to make those economic realities a little bit less harsh? And what can be done after somebody makes a ruinous investment in higher education?
Now, as far as getting prospective law students to pay attention, your guess is as good as mine. Maybe a big-time article like this in the NYT helps. We already know, however, that unless it shows up in the U.S. News Law School Rankings, prospective law students don’t really care.
So let’s focus on the other questions…