* President Obama recently authorized a study into whether student loan debt should be dischargeable in bankruptcy. For now, any changes made to the bankruptcy code will likely apply only to private loans, so it looks like many law school graduates won’t be declaring bankruptcy any time soon. [Wall Street Journal (sub. req.)]
* As we’ve mentioned numerous times in the past, the across-the-board drop in law school applications has inspired some law schools to do crazy things like shortening the length of time it takes to get a degree and lowering tuition. Hmm, more law schools should go crazy. [U.S. News & World Report]
* In the wake of much criticism of its plan to eliminate the LSAT for some students to gain admission to Iowa Law, the school’s dean offers an explanation: it’ll help her school compete to attract students who would otherwise have gone to T14 schools. [The Gazette]
* Even though law schools are in trouble, a legislator in Texas is still lobbying the state to subsidize the creation of a new law school in the Rio Grande Valley because he has a “hard time believing there are no jobs for attorneys out there.” [Cleburne Times-Review]
* If you find that law schools aren’t reacting quickly enough to the crisis at hand, there are other options for you out there. While law schools implode as their tuition skyrockets, it seems that those who have fled the law are now trying to become engineers. [Quartz]
Actual tuition reduction at a major law school!
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