Income-Based Repayment (IBR)
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Law School Deans, Law Schools, Money, Student Loans
Law School Dean Responds To Accusations of Inflating Tuition at Taxpayer Expense
A week after accusations surfaced that a top law school was gaming the federal government, the dean responds -- not very persuasively. -
Boalt Hall, Law School Deans, Law Schools, Money, Student Loans, Videos, YouTube
Law Schools Devise Trick To Game Taxpayers
Washington Post catches on to what many of us have been predicting: law schools are using debt-forgiveness programs to line their own pockets. - 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… -
Education / Schools, Job Searches, Law Schools, Money, New York Times, Pets, Student Loans
In Defense of Law School: It's Not the Only Alleged Culprit in Higher Education
This 30-year-old woman has $312,000 in student loans and earns just $60,000 -- and no, she's not a lawyer. What does she do for a living?
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Education / Schools, Job Searches, Law Schools, Money, Student Loans
In Defense of Law School: Because What Else Are You Going To Do With Yourself?
Current law students are far more intelligent than the critics of law school give them credit for. In going to law school, these students are just trying to make the best of a bad situation. -
Airplanes / Aviation, American Bar Association / ABA, Antitrust, Arnold & Porter, Biglaw, Confirmations, Crime, Deaths, Department of Justice, Hate Crimes, John Roberts, Law Schools, Morning Docket, Murder, Patents, SCOTUS, Student Loans, Supreme Court, Travel / Vacation, Trendspotting, Violence
Morning Docket: 01.02.13
* While Chief Justice of the United States John Roberts made a plea to keep funding for the federal judiciary intact, we learned that student loan default cases have fallen since 2011. You really gotta love that income-based repayment. [WSJ Law Blog (sub. req.)]
* Introducing the Asia 50, a list of the largest firms in the Asia-Pacific region. When it comes to the firms with the biggest footprints, only one American Biglaw shop made the cut. Go ahead and take a wild guess on which one it was. [Asian Lawyer]
* Congratulations are in order, because after almost a year of stalling, Arnold & Porter partner William Baer was finally confirmed by the Senate as the chief of the Department of Justice’s Antitrust Division. [Bloomberg]
* Our elected officials might not have allowed the country to fall off the fiscal cliff, but the American Invents Act was put on hold, so if you’re a patent nerd, you can still be mad about something. [National Law Journal]
* Remember when Rutgers-Camden Law said “many top students” were making bank after graduation? Yeah, about that: Law School Transparency just filed an ABA complaint. [Thomson Reuters News & Insight]
* Here are some law school trends to look out for in 2013. FYI, the applicant pool is smaller because no one wants to foolishly gamble on their careers anymore. [Law Admissions Lowdown / U.S. News & World Report]
* In the latest NYC subway shoving death, a woman was charged with second-degree murder as a hate crime, and allegedly bragged about other hate crimes she’s committed to police. Lovely. [New York Times]
* Next time you’re trapped on a plane that’s literally filled with other people’s crap for 11 hours, don’t bother suing over your hellish experience — you’re going to be preempted by federal law. [New York Law Journal]
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American Bar Association / ABA, Biglaw, Deaths, Dewey & LeBoeuf, Guns / Firearms, Law Firm Mergers, Law Schools, Morning Docket, SCOTUS, Student Loans, Supreme Court, Tax Law
Morning Docket: 12.18.12
* Change may be coming soon in light of the Newtown shooting, but any talk about new federal restrictions on guns will hinge on the Supreme Court’s interpretation of the Second Amendment through the lens of the Heller case. [National Law Journal]
* Joel Sanders and the Steves are facing yet another “frivolous” lawsuit over their alleged misconduct while at the helm of the sinking S.S. Dewey, but this time in a multi-million dollar case filed by Aviva Life and Annuity over a 2010 bond offering. [Am Law Daily]
* Always a bridesmaid, never a bride: Pillsbury has had the urge to merge since February, and now the firm may finally get a chance to walk down the aisle with Dickstein Shapiro. [Thomson Reuters News & Insight]
* Income-based repayment is a bastion of hope for law school graduates drowning in student loan debt, but when the tax man commeth, and he will, you’ll quickly find out that the IRS doesn’t have IBR. [New York Times]
* Is the premise of graduating with “zero debt” from a law school that hasn’t been accredited by the ABA something that you should actually consider? Sure, if you don’t mind zero jobs. [U.S. News and World Report]
* Daniel Inouye, Hawaii’s Senate representative for five decades and a GW Law School graduate, RIP. [CNN]
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Law Schools, Money, Student Loans
How the Heck Will You Pay Your Law School Loans After You've Been Kicked Off Income-Based Repayment?
Happy holidays from your law school loan servicers, you've been kicked off IBR! -
Benchslaps, Contests, Contracts, Elena Kagan, Job Searches, Non-Sequiturs, SCOTUS, Student Loans, Supreme Court
Non-Sequiturs: 12.11.12
* Kagan, J., benchslapping. [Josh Blackman's Blog] * I think I’d get this if I understood gymnastics. [Associate's Mind] * Some people think IBR is pointless, but if you disagree, check out this petition. [We the People: Your Voice in Government] * Partner readers, check out this new podcast (featuring law firm consultant Ed Wesemann and yours truly). [Attorney Search Group] * Our annual Law Revue Video Contest is still a few months away, but if you like making legally themed videos, keep an eye on this contest (more details forthcoming, including info on the prizes). [Federal Bar Association] * Speaking of contests, we welcome your votes in the ABA Journal’s Blawg 100 (under “News/Analysis”). [ABA Journal] * And speaking of Above the Law, the deadline for applying for our writer/editor position and our internship is tomorrow — so act now if interested! [Above the Law] - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Bankruptcy, Law Professors, Law Schools, Money, Student Loans, Television, Videos, YouTube
Lawyers & Economics: Student Debt
Welcome to the latest installment of Lawyers & Economics, our occasional video series on financial topics by Professor William Birdthistle of Chicago-Kent College of Law. Today's topic isn't going away anytime soon. If you have -- or are thinking of taking on -- student loans, keep reading.... -
Bankruptcy, Law Schools, Money, Student Loans
Not Even Bankruptcy Will Make Your Student Loans Go Away
More and more law school graduates are trying to seek bankruptcy protection from their mountains of student loan debt. Now, we know that reading comprehension is tested on the LSAT, but apparently, once students complete the law school entrance exam, that skill goes right out the window. How do we know? Because law school graduates, who freely signed up for student loans as law students, are now trying to shirk their repayment responsibilities.... -
Barack Obama, Election 2012, Environment / Environmental Law, Money, Politics, Student Loans
If This Is the Kind of Law Student Who Supports Obama's Debt Relief Plans, the President Is in Trouble
Last week, President Obama announced a "new" plan to help ease the burden of student debts, except it wasn't really new, and it didn't really help. The mainstream media parroted the administration's spin on proposal, but it makes sense that the White House would want to find some students who were also excited about the plan to reduce the Income Based Repayment percentage to 10% in 2012. Well, they found one. And he's a law student....