Student Debts
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Law Schools, Quote of the Day, Student Loans
Quote of the Day: Don't Worry Her Pretty Little Head About It
It makes sense for anyone contemplating law school to make sure he or she has a passion for the profession. Your friend would have to consciously be avoiding stories about unemployed law school graduates if she knows nothing about this. But perhaps, since you say she is a worrier, she doesn’t want to dwell on […] -
Education / Schools, Law Schools, Media and Journalism, New York Times, Student Loans
A Notable Correction to the New York Times Article on Law School
It isn’t easy to wring a correction out of the New York Times. The Gray Lady is notoriously stingy when it comes to confessing error. [FN1] But David Segal’s very interesting and widely read article about the perils of going to law school — which still sits at the top of the NYT’s list of […] - Sponsored
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Bar Exams, Law Schools, Legal Ethics, Student Loans
Character & Fitness Fail for Graduate With 'No Plan' To Pay Off His Debts
Wow. Guy goes to law school, guy racks up a huge amount of debt, guy has no idea how he’ll pay off his debts. Sound familiar? Okay, here’s the twist: the guy failed the “character and fitness” component of the Ohio bar because he has no plan to pay off his loans. What the hell […]
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American Bar Association / ABA, Blogging, Law Schools, Media and Journalism, Student Loans
The ABA Started 'Warning' People About Going to Law School Years Ago
I have no idea why this is blowing up today, but it looks like the mainstream media just figured that maybe going to law school isn’t the most awesome idea (especially in this economy). On New Year’s Eve, John Carney — our former colleague, from his days at Dealbreaker — noted on CNBC’s NetNet that […] -
Education / Schools, Law Schools, Money, Student Loans
When The Kids Come Home This Christmas, Talk About Their Debt
I like it when the mainstream media drops by to take a look at the student debt crisis. I’d like to think that, unlike the housing bubble, this impending crisis can be avoided with sensible government regulation and individual actors making smart decisions about their own financial futures. The government regulation is, strangely, the easy […] -
Law School Deans, Law Schools, Money, Student Loans
Kudos to Maryland Law for Protecting Its Students from Tuition Increases
Next month I’ll be appearing on a panel at the annual meeting of the Association of American Law Schools. The subject of the panel: how to get good press for your law school. One obvious answer: do good things for your students. Just like the University of Maryland School of Law. Our coverage of UMB […] -
Biglaw, Harvard, Money, Quote of the Day, Student Loans
Quote of the Day: In Fairness, She Should Be Making a Little More Than $180K
So, let’s say that an intelligent child does do everything that she is told to do from kindergarten through high school, and then goes to Harvard and then to a very good law school, and then into a high-powered law firm, and ends up making $180,000 a year by the time she is thirty. So […] -
Blogging, Law Schools, Money, Small Law Firms, Student Loans
Small Firm Lawyers Balk at ASU 3L's Request for Sponsorship
While bonuses are burning up the comments here at Above the Law, there’s another discussion raging over at the ABA’s SoloSez Listserv — where solo and small firm lawyers from around the country share resources, practice tips and the occasional anecdote. It seems that a 3L at Arizona State’s Sandra Day O’Connor College of Law […] - Sponsored
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Law School Deans, Law Schools, Money, Student Loans
Tuition Is Going Up at Notre Dame Law (But Not as High as Some Other Places)
There’s been a lot of buzz coming out of Notre Dame Law. No, the students are not being being pressed into service to defend the university from Declan Sullivan lawsuits. Instead, ND Law dean Nell Newton held a town hall meeting with the students to discuss the future of the university. After the public meeting, […] -
Erwin Chemerinsky, Law Schools, Money, Student Loans
UC Irvine School of Law: Now Offering 33% Scholarships to the Class of 2014
When the UC Irvine School of Law first burst onto the scene, the school offered free tuition to everyone in its inaugural class. Then, in its second year, UC Irvine offered a 50% discount to all students admitted to the class of 2013. And now, UC Irvine will knock 33% off its tuition, for members […] -
Drinking, Law Schools, Quote of the Day, Student Loans
Quote of the Day: You Can Drink Away Your Sorrows, But Not Your Student Loans
I just bought 4 bottles of wine in sweats at 530 on a monday night. F**k law school. — a poster at Texts From Last Night -
Job Searches, Law Schools, Student Loans, Videos, YouTube
How Many Jaded Attorneys Does It Take to Discourage One Law Student?
It has been a while since we’ve had one of these cut-rate animation movies discouraging people from going to law school. There have been some great ones in the past: A Law School Carol springs to mind, as well as Don’t Go To Law School. There was a time when I thought little video clips […] -
Law School Deans, Law Schools, Student Loans
Boston College 3L Asks for His Money Back; Hilarity Ensues
A third-year student at Boston College Law School made a very reasonable request of the law school’s interim dean, George D. Brown: Give me my money back. I say it’s a reasonable request, because it is customary in this country to get a refund when you buy something that is defective in some fundamental way. […]
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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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Education / Schools, Law Schools, Money, Student Loans
Arizona State Law School Moving Towards Private Funding Model: Prepare to be Gouged, ASU Law Students
Earlier this week, a story in the National Law Journal (subscription) reported that the Arizona State University Sandra Day O’Connor College of Law is weaning itself off of public funding and trying to become self-sufficient on private dollars. Towards that end, ASU will be raising tuition and admitting more law students. I wanted to wait […] -
American Bar Association / ABA, Law Schools, Student Loans
Someone at the ABA Is Aware That New Law Schools Make No Sense
A year ago (almost to the day), we learned that Belmont University in Nashville was planning to start a new law school. At the time, I asked: “[H]ow colossally dumb are the people who sign up for a Belmont law degree next year?” Well, there’s an article in the Tennessean today suggesting that the new […] -
India, Law Schools, Outsourcing, Quote of the Day, Student Loans
Quote of the Day: Well, the Economy Is In the Toilet....
“Knowledge Economy” An environment in which a person has run up $150,000 in student loans to pay for a law degree only to see jobs exported to India whose citizens are apparently very knowledgeable about the U.S. legal system. Example: “The best job in the knowledge economy is plumbing because nobody with an advanced degree […] -
Law Schools, Money, Rankings, Student Loans
National Jurist's 'Best Value' Law School Numerical Rankings and Grades Are Out
Last month, we reported on the Best Value Law School Rankings produced by National Jurist. The initial list just mentioned the publication’s “honorees,” with a promise of numerical rankings later. That day has arrived, and the magazine is ready to tell us which is the very best value for law school in 2010. I’ve already […] -
Department of Justice, Student Loans
Student Loan Relief for Public Defenders and Prosecutors
We have good news on the student loan front. Really good news if you are a public defender or prosecutor. The Blog of the Legal Times reports that the Department of Justice is making $10 million available in loan forgiveness for PDs and prosecutors. So if you want to live the Law & Order dream, […] -
Law Schools, LLMs, Student Loans
What Is the Value of an LLM Degree?
Earlier this week, the legal blogosphere took a look at the “value” of an LL.M degree. I put “value” in scare quotes because the main point of the pieces in the National Law Journal and the WSJ Law Blog was that we don’t really know how valuable these degree programs are. Now, in most markets, […] -
Citigroup, Education / Schools, Law Schools, Student Loans, Trendspotting
Citi Sells Student Loan Division: Can't You Hear the Bubble Bursting?
In a couple of years, we might look back on today as the first point where the giant, unsustainable bubble that is the student loan market began to burst. Check out this press release: The Student Loan Corporation (NYSE:STU – News), a subsidiary of Citibank, N.A., and a leading originator and servicer of student loans, […]