Student loan debt

The incestuous relationships between the A.B.A., law schools and the legal profession

Dec 18th, 2011 | By | Category: Student loan debt, Top Story

18 December 2011 — As we reported a few weeks ago, the A.B.A.  has been peppered of late with a number of accusations over its failings, not least of which is that it has not done enough to prevent law schools from overstating the current job prospects of graduates.  As expected, it caved into the demands of law schools with a watered [...]



As expected, ABA surrenders to law schools on graduate jobs data reporting

Dec 5th, 2011 | By | Category: Changing Legal Landscape, Law Profession in Crisis, Student loan debt, Top Story

5 December 2011 – It was a lovely press release:       “The [ABA Section of Legal Education and Admission] is fully committed to clarity and accuracy of law   school placement data.  As a result of these changes, future law students will be better informed about their prospects than ever before.” They even approved a new annual questionnaire intended to gather [...]



Relieving student loan debt: the Public Service Loan Forgiveness Program

Jan 26th, 2011 | By | Category: Student loan debt, Top Story

26 January 2011 -  We have posted a number of stories on the student debt issue which you can read by clicking here.   Bill McDonald who writes the L4L blog has also been running a series titled “A Student Loan Repayment Toolbox” which you can access by clicking here. One of the programs he features and which [...]



Law Professor Supports Scambloggers, Calls for Colleagues to “Wake Up to Casualties of Our Enterprise”

Jun 19th, 2010 | By | Category: Student loan debt

There is a very good legal blog brought to our attention by Legal Blog Watch called Balkinization.  Lots of great posts on the law and the legal profession. Recently they ran a story on the growing legion of Scambloggers who want to keep you from going to law school.  And they profiled and quoted none other but St. Johns University School [...]



New Attorney Loan Forgiveness Program

Jun 14th, 2010 | By | Category: Student loan debt

New Loan Repayment Program for Civil Legal Aid Attorneys Apply by August 16 to participate in the U.S. Department of Education’s new Civil Legal Assistance Attorney Student Loan Repayment Program. Successful applicants will receive $6,000 in loan repayment assistance in exchange for a three-year service commitment and may receive a lifetime maximum of $40,000 if [...]



Law school debt: should student financial aid be based on a debt to potential earning ratio?

Jan 20th, 2010 | By | Category: Student loan debt

With so much discussion and debate lately about the value and changing economic viability of a law degree, we wonder if a proposed U.S. Department of Education regulation might, or should, be applied to graduate programs like law school.  For law school students, the issues are plain enough:   (1) we may be producing more law school graduates than there’s [...]



The conflicting economics of “too many lawyers”

Jan 13th, 2010 | By | Category: Student loan debt

  There have been a slew of articles and blog posts of late detailing the reasons why going to law school is a bad decision.  We thought we’d throw in our two cents.   The reasons law school is “bad” rest on two givens: the enormous debt incurred and the lack of opportunity.  The argument is [...]



On January 20th: Student Debt Relief-Income-Based Repayment and Public Service Loan Forgiveness

Jan 11th, 2010 | By | Category: Student loan debt

Student Debt Relief-Income-Based Repayment and Public Service Loan Forgiveness January 20 at 6:00 pm in the offices of Arnold & Porter at 555 12th Street NW Washington, DC The Washington Council of Lawyers is pleased to host this presentation on the most significant law affecting public service in a generation:  the College Cost Reduction and [...]



A year end snap-shot of the job market for U.S. law grads

Jan 7th, 2010 | By | Category: Student loan debt, Top Story

Student loan debt is up and job expectations are down according to a year-end, informal snapshot of several sources.  The online ABA Journal is reporting that almost a third of all law students expect to graduate with more than $120k in loan debt.   Over at Above the Law, editor Elie Mystal describes, in a column called [...]



Going to law school? Proceed with caution

Dec 14th, 2009 | By | Category: Student loan debt

Make no mistake: A Law School Carol is no heartwarming holiday tale of redemption. The computer-animated video, which has been circulating on YouTube for several weeks, focuses on a law student named Steve who is visited by the ghost of Ralph Marley’s disappointing legal career (Ralph Marley being the law student who used to rent [...]