http://www.bloomberg.com/news/articles/2015-10-30/senators-take-on-law-schools-for-failing-students
Bloomberg Reports: On October 30, 2015, BloombergBusiness published a Natalie Kitroeff piece that was entitled “Senators Take On Law Schools for Failing Students.” Check out this opening:
“Law schools just made some new enemies. This week, lawmakers from both parties sharply criticized U.S. law schools for leaving students with overwhelming debt and degrees that may not get them jobs.
“We need to move away from a system that results in too many law school graduates twisting in the wind,” said Senator Chuck Grassley (R-Iowa) in an e-mailed statement. Putting law graduates in a position from which they might default on federal loans “isn’t good for the graduates, and it isn’t good for the taxpayers,” he added.
Grassley said he was “troubled” by problems illustrated in a new report by Law School Transparency, an advocacy group. The report highlighted the large numbers of under-prepared students being accepted into law schools. Test scores have declined for the lowest-achieving students since 2010 at the majority of law schools. Padding classes with underqualified students, the report said, is “leaving thousands deep in debt with few prospects for employment that will enable them to pay off their debt.” [Emphasis mine]
It’s funny how the author stated that the law school swine made some new enemies. The article then continued:
“Bar exam pass rates have fallen precipitously for the second year in a row. During the summer, scores on the standardized portion of the bar exam hit their lowest point since 1988.
On Monday, Senator Dick Durbin (D-Ill.) blamed the government’s generous loan programs for encouraging troubled law schools to hike prices. In 2006, Congress made new federal loans available to graduate students, allowing them to take out as much debt as they want in order to finance their education.
“Now that we’ve taken the cap off what you can borrow for graduate courses, they have decided they are going to just charge to the heavens in terms of tuition for worthless, worthless law school degrees” said Durbin, at a Congressional meeting on student debt this week, referring to for-profit law schools.
By 2013, the sticker price at private law schools had shot up to nearly $42,000, from $25,600 in 2003. The typical law graduate held $118,600 in debt, according to Law School Transparency.
“When I ask the presidents of universities ‘Why do you charge so much to go to law school?’ they say ‘Because we can; the students are applying and they’ll pay whatever we tell them,’” Durbin said.” [Emphasis mine]
As you can see, the pieces of trash only care about one thing – student loan money! They don’t care how many young people are financially raped, in the process.
http://jdunderground.com/all/thread.php?threadId=97616
Other Coverage: On October 30, 2015, JDU accountholder “bobm” started a thread labeled “Senators Are Tired Of Law Students Flushing Loan Dollars Down The Toilet For ‘Worthless’ Degrees.” Here are some of the gems from commenters. On the same day as the original post, at 1:04 pm, “6figuremistake” wrote the following remarks:
“This is very [welcome] news. My only concern is that the focus is only going to be on for profit schools. Sure, these schools should be the first to go, but the "not for profit" shield has served equally scammy schools well in the past.
I'm afraid that this designation gives them too much cache with their friends in Congress and elsewhere. It's easy to go after some law school in an office park with no academic pedigree. It's much harder to do so when the school is attached to a well regarded center for higher education in your state.
Of course, the "not for profit" escape hatch is deceptive. The deans, professors, and administrative sinecures are profiting nicely. It's just that after all the hefty salaries are paid, whatever residuals exist aren't being distributed to a class of shareholders.” [Emphasis mine]
Yes, the cockroaches take full advantage of their “non-profit” status. Of course, this is merely a political designation/legal fiction created for the purpose of avoiding taxes. How the hell can in$titution$ of “higher learning” have billion dollar endowments and still be considered not for profit?!?! That’s the equivalent of a busted up old prostitute claiming to be a virgin.
Several commenters pointed out that these $enator$ will likely not do anything substantive to solve this problem. At most, they may hold a pointless-ass hearing – and perhaps issue a long-winded report 10 months later. However, it is nice to see a member of the U.S. $enate refer to “worthless” law degrees. Does that penetrate your tiny gray matter, Lemming?!?! On October 30, 2015 7:54 pm, “irishlaw” supplied this view:
“This won't go anywhere at the moment. The day this goes public every trash law school will frame the issue as, "But this is the only way little Jemol from Compton can get an education, the big bad racists standardized LSAT keeps little poor minorities from achieving their dreams of law school, and our society benefits only if these little poor minorities can get a J.D."
For $ome rea$on, the faux liberal academic scum don’t mention that admitting Tyrese or DeAndre, armed with 148 LSAT scores, into a fourth tier dung heap – and strapping them down with outrageous sums of NON-DISCHARGEABLE debt – will almost certainly lead to financial ruin for these students. Then again, that is someone else’s problem, right?!?! Yes, these “educators” are real beacons of integrity!
Conclusion: Do not expect the cockroaches in Congre$$ to do anything to solve this problem. This is mere posturing, i.e. it is designed to give taxpayers and students the idea that these rodents will do something that will benefit them and not the schools. These 535 “representatives” are too busy performing fellatio on their corporate owners to give a damn about young people with no connections or wealth. At least, now those idiots still considering law school will see an article from a reputable news source, in which a standing U.S. $enator alluded to garbage law degrees. That might cause these dolts to pause, before pissing away their future on a JD from Touro or TJ$L.