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....
Yale is making a slight change to its low-income loan forgiveness program, and it’s going to make it a little harder for people who leave Yale Law School and take low-paying jobs. Now, this isn’t anything to yell and scream about. Yale is still committed to making loan repayment feasible for people who don’t take […]
Four insights and misunderstandings to help demystify GenAI for legal professionals.
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....
Two petitions of possible interest showed up in our inbox today: 1. In favor of student loan forgiveness: This petition, reminiscent of Elie Mystal’s call for a student loan bailout, “strongly encourage[s] Congress and the President to support H. Res. 365, introduced by Rep. Hansen Clarke (D-MI), seeking student loan forgiveness as a means of […]
Gone are the days when earning a JD meant having automatic employment prospects. Gone are the days when having student loans wasn't completely debilitating. These days, the JD has taken on a new meaning. It doesn't just mean Juris Doctor anymore. These two are a little more fitting: Job Dilemma and Jumbo Dumbass. The Connecticut Law Tribune has come out with an informative piece just in time for new 1Ls to realize that they may have embarked upon a six-figure mistake....
There has been a lot of talk in the media lately about how law schools are failing to adequately prepare recent graduates for the working world. Law schools have also been under fire for their apparently inability to employ recent graduates in the legal work force. And in the spirit of killing two birds with one stone, law schools may soon have a solution for both of these problems....
"Decrypting Crypto" is a go-to guide for understanding the technology and tools underlying Web3 and issues raised in the context of specific legal practice areas.
My wife and I have made this proposal to our Harvard creditors: they forgive our debt, we give the school a baby. A “pure-bred” Harvard baby that Harvard can dress up or perform experiments on or whatever. It will have to be a black baby, which might underwhelm some Harvard officials, but that’s got to […]