tag:blogger.com,1999:blog-5164886390834386622.post5210207383760976773..comments2023-10-30T08:41:06.178-07:00Comments on Inside the Law School Scam: Scholarship and scholarshipsLawProfhttp://www.blogger.com/profile/05174586969709793419noreply@blogger.comBlogger86125tag:blogger.com,1999:blog-5164886390834386622.post-57318373921832713162012-08-16T12:48:16.285-07:002012-08-16T12:48:16.285-07:00You think those few articles - espicially from a g...You think those few articles - espicially from a gossipy blog like ATL- will convince anyone?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-63837595069600706072012-08-14T16:19:41.603-07:002012-08-14T16:19:41.603-07:00Just FYI, perhaps googling a friend's name for...Just FYI, perhaps googling a friend's name for linked in would cause a person to wonder why their friend's full name popped up on a blog, and thus stumble onto an inane argument amongst lawyers, and discover that some sniveling, undoubtedly sexually frustrated excuse for a human being thinks its clever to make a mean spirited jab against a person using their real name. Great job using a 17th century reference, I guess we all realize how smart you. Congratulations on being part of the blogosphere, where the frustrated losers who for whatever reason have the time to argue with the fellow dregs, take snipes at real people.<br /><br />Wow, you've figured out that law school is overpriced, there are too many people in law school and cheap student loans have caused prices and debt across education to skyrocket. You guys are brilliant, i'll keep a close eye on this blog, I'm sure in the next few weeks such brilliant lawyers will solve the problem. You are the scum of society, you create NOTHING. You syphons leech onto actual people because you've created a jargon language that no one else can comprehend. We have the most litigious society in the world, and an incarceration rate higher than the Soviet Union under Stalin. I hope you all end up unemployed. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-87812665023321668612012-08-11T06:37:32.335-07:002012-08-11T06:37:32.335-07:00Amazing that there were such bargains to be had in...Amazing that there were such bargains to be had in legal education as recently as 2003!<br /><br />I wonder if boomer resentment will be extended outward to the 2003 cohort, and people will sneer at the entitled and clueless youth of that era, with their Howard Dean and Shwartzenegger bumper stickers, their portable CD players, and their cornucopia of available document review projects. <br /><br />dybbukAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-65602794581526354292012-08-11T05:18:04.360-07:002012-08-11T05:18:04.360-07:00nando has done a lot for the scamblog movement, bu...nando has done a lot for the scamblog movement, but so has LST. LST provides a mainstream sort of place, with high visibility, that the media can go to for a quote. THat is a valuable service.PropagandistHackerhttps://www.blogger.com/profile/00032093796955347846noreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-62462728092690278602012-08-11T05:13:20.244-07:002012-08-11T05:13:20.244-07:00the student loan industry is just another exploita...the student loan industry is just another exploitation machine of the Capital. And its cannon fodder is young people, just like the military industrial complex exploits young people. <br /><br />it's not a conspiracy; it's an ecosystem.PropagandistHackerhttps://www.blogger.com/profile/00032093796955347846noreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-39092273612858862442012-08-10T19:53:01.995-07:002012-08-10T19:53:01.995-07:00Does anyone else think it was really gauche of the...Does anyone else think it was really gauche of the CU president to have asked how much was in the fund during that encounter?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-47031201591908172292012-08-10T18:56:53.278-07:002012-08-10T18:56:53.278-07:00@5:37 - unfortunately you can't take politics ...@5:37 - unfortunately you can't take politics out of it because the root of the problem is the easy access to federal student loan money which is federal policy, ie politics.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-13615242458405500432012-08-10T17:37:33.892-07:002012-08-10T17:37:33.892-07:00Okay back to the original post... I think this is ...Okay back to the original post... I think this is great news. We'll see if the forecast of 75-80 percent acceptance rate in 2012 holds. If so, that's amazing considering there is an unlimited federal loan spigot. This means 0L's are start to realize that even with easy federal loans and IBR, law school is still a bad decision for most of them. Once the acceptance rate hits 100 percent, law schools will be forced to change.<br /><br />I foresee LSAC dumbing down the LSAT in order to uphold the appearance of prestige, if they haven't done so already. <br /><br />p.s. I agree with many of the posts, but can't you argue politics somewhere else?<br /><br />p.p.s. Why all the Nando hate? I still enjoy Third Tier Reality.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-58515403856747847722012-08-10T16:56:56.209-07:002012-08-10T16:56:56.209-07:00@4:25
And there it is. Policy is set by a privile...@4:25<br /><br />And there it is. Policy is set by a privileged few, with their own benefit (and not the greater public's) as the goal. This is the essence of all current U.S. government policies. To see our student loan system as anything other than one giant corporate give-away is blindness.A.M. Warsawnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-47483491215352638392012-08-10T16:25:01.636-07:002012-08-10T16:25:01.636-07:00Law Prof:
As we are discussing student loans and ...Law Prof:<br /><br />As we are discussing student loans and debt this week, the following might be interesting. There are two major higher ed foundations/think tanks in the country, that really are responsible for funding ALL of the policy articles, research papers, mandates, suggestions/predictions for the future, etc for the higher ed sector. One is the Gates Foundation. The other is the Lumina Foundation. Lumina's big goal, as stated very clearly on its website, is to have 60% of America to sport a college degree by 2025 (up from ~30% today). This may seem a bit silly, given the massive un/underemployment among college graduates of all stripes over the last decade. Guess what? Lumina was founded when the erstwhile USA Group (the country's largest SL guarantor) sold all of its assets to Sallie Mae for $700 million back in the 90's. <br /><br />So, its board was originally comprised solely of execs of those two SL companies (and still has several on its current board, along with other luminaries as the President Emerita of the U. of Phoenix), it has something on the scale of $1.5 billion in endowment but does not offer any scholarships, one will search in vain for any mention of a student loan crisis or college grad underemployment crisis on their website, and they want to double the percentage of Americans who graduate college in the next 13 years, particularly among low-income students (who will be most dependent on student loans), and it is considered by nearly everyone in DC to be the foremost authority on higher education policy. Let's let that all sink in for a moment...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-30299952628952011692012-08-10T16:07:49.264-07:002012-08-10T16:07:49.264-07:00Reduction in Social Security benefits due to outst...Reduction in Social Security benefits due to outstanding student loan balances:<br /><br />http://www.smartmoney.com/borrow/student-loans/grandmas-new-financial-problem-college-debt-1344292084111/<br /><br />God forbid they allow a Ch. 13 style bankruptcy repayment option. It's just a matter of time apparently until we start building debtor's prison. I guess at least the law degree will allow a student to represent themselves a little more effectively than a pro-se defendant when that student is arguing for their innocence to try and stay out of debtor's prison. What a versatile degree indeed!SD Attnynoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-12495954989720463092012-08-10T15:56:02.368-07:002012-08-10T15:56:02.368-07:0012:09 says "You must not have seen [Yona Pora...12:09 says "You must not have seen [Yona Porat] in profile, which view could make Durante or even de Bergerac green with envy."<br /><br />I have. I think we'll have to agree to disagree on this.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-54870035242927352712012-08-10T14:26:29.737-07:002012-08-10T14:26:29.737-07:00"Main street will never notice this, not look..."Main street will never notice this, not looking down their own streets (or at least, not on more than an individual/anecdotal level)."<br /><br />Yes, but the lawbloggers/scambloggers are the ones (adversarial by nature or learned nature after 3 years of law school rip off bullying at the hands of wealthy schools) best positioned to speak on behalf of the Student Lending Scam.<br /><br />And to fight for human rights.<br /><br />Institutional Law School Fraud harms society as a whole in so many ways, and it transcends the opinions of the preposterously negligent ABA, which chooses to look the other way.<br /><br />The irresponsibility, with knowledge by any educational institution which leads to hopeless debt for an entire adult lifetime for many scammed graduates that are also US citizens has to surely be somehow criminal.<br /><br />As for concerns about media from another commenter, the media is supposed to follow stories and not create them.<br /><br />It is up to us to be the storyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-31950968540285109092012-08-10T14:16:49.573-07:002012-08-10T14:16:49.573-07:00@LP,
i read this a while back on some other forum...@LP,<br /><br />i read this a while back on some other forum and perhaps you've addressed this, but in any case, here it is.<br /><br />[quote]<br />Here's a great scam that I suffered under at Case Western Reserve University School of Law. <br /><br />Private loan funds would be disbursed to the university. Students were not allowed to access those funds until after the add-drop period ended. This meant that at the beginning of every semester we had to wait three weeks to get our book and housing money. When I complained the school told me that "We expect you will use your credit card to fund yourself during that period of time." Many students didn't have the room on their credit card to fund their housing, food, and books. So they just didn't buy their books for the first few weeks of school. The administration knew about these problems (because dozens of us complained) but they didn't give a damn. When we demanded an explanation one administrator said privately "Well if we disburse the funds and then you decide to drop out we won't be able to recoup the lost funds!" (After add-drop you were only entitled to a 75% refund) One secretary said privately "Add up all of the loans that are held for 3 weeks in a University bank account, and you'll realize that the University is making interest off of your loan money while you are running up credit card debt." <br /><br />We thought of suing, but we didn't learn how to do that in law school. I bet if you called the school they haven't changed their policies and if you ask a Case student they'll tell you how they are floating housing expenses every August and January because of a University scam.[/quote]Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-75491633343756885412012-08-10T14:16:14.693-07:002012-08-10T14:16:14.693-07:00Totally off-topic, but here's one law student&...Totally off-topic, but here's one law student's response to a job rejection from an MLB franchise that then tried to add insult to injury by asking her to cough up $500 to attend a "Sports Sales Combine." She ain't no stinking lemming! <br /><br />http://boston.barstoolsports.com/random-thoughts/reader-email-rate-this-email-a-girl-sent-to-the-padres-after-they-rejected-her-for-a-sales-job-and-then-invited-her-to-pay-500-to-come-to-a-sales-combine/<br /><br />Sorry for the long link. Happy Friday!~https://www.blogger.com/profile/07775795950513629761noreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-13628379649561830972012-08-10T14:06:52.317-07:002012-08-10T14:06:52.317-07:00I would imagine the Times has done about all it...I would imagine the Times has done about all it's going to do on this subject, unless something major happens. That could happen. But they have already devoted a whole series to this, one that was not without problems. The last article on Duncan was a fiasco. There is no other paper of record. There was a CBS feature, right? Perhaps the cable channels might pick something up. But the blogosphere is likely the best way to reach younger people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-29928253691214282162012-08-10T14:04:51.353-07:002012-08-10T14:04:51.353-07:00@9:30 a.m.:
Let's say that law schools no lon...@9:30 a.m.:<br /><br />Let's say that law schools no longer got individual students to sign off on loan guarantees, but instead got a set maximum amount from the federal government each year so long as it met certain requirements, as in Tamanaha's book.<br /><br />Let's say that a law school wants to hire more faculty and give out more sabbaticals so that it can finally achieve its institutional goal of becoming America's foremost international sports and space law school. Today, that school could just raise tuition to cover the costs of attracting these great thinkers of international sports and space law, and none of the students would be consulted. They could choose to authorize the federal government to pay the school, or else drop out.<br /><br />If the school wanted more money from the federal government, the federal government could ask why, say no and tell them that they can find private funding for the needed chairs of international sports and space law, so long as their requirements were met. If their requirements weren't met, they could withhold funding and the professors could teach for free. That's what I mean by greater bargaining power.Morse Code for Jhttps://www.blogger.com/profile/15533833808776688455noreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-931964938436938262012-08-10T13:51:18.751-07:002012-08-10T13:51:18.751-07:00LawProf writes, "So basically the people who ...LawProf writes, "So basically the people who are most vulnerable to getting ripped off will get ripped off."<br /><br /><i>Next Up On Dateline NBC: "Geriatric 0Ls - Why They Fell For The Law School Scam"</i>anonymousenoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-65791129529881391582012-08-10T13:48:12.402-07:002012-08-10T13:48:12.402-07:00BoredJD says, "When you graduate 45000 JDs bu...BoredJD says, "When you graduate 45000 JDs but there are only 25000 legal jobs, eventually the middle class can't help but look around and see that Bill's kid down the street who went to law school is still working the same job he worked in high school, or that Sally's daughter is still living at home and can't pay her student loans. "<br /><br />Well, see, there's the problem but not the way you think. Yes, graduating an excess 20K lawyers is a real problem.<br /><br />But in the bigger picture, that 20K are just a drop in the bucket. Something on the order of 0.007% of the population.<br /><br />Main street will never notice this, not looking down their own streets (or at least, not on more than an individual/anecdotal level).<br /><br />That's why it continues to be important to get focus from NYT or other large papers of note.<br /><br />It's also a good thing that lawyers are viewed as both famous and notorious here in Americana. Think about it - if (e.g.) Agricultural Engineering programs were graduating an excess 20K per year, I don't think the NYTimes would bestir itself to cover that news.anonymousenoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-75537054338727178122012-08-10T13:03:06.477-07:002012-08-10T13:03:06.477-07:00@12:04
Nando IS the Scamblog movement, along with...@12:04<br /><br />Nando IS the Scamblog movement, along with a handful of original scambloggers.<br /><br />Without Nando's pioneering work, this blog might not even exist.<br /><br />TTR has a balance of humor (albeit crude) and fact, and if any institution doestroys lives with debt, then it ought to be compared to a toilet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-75883440309574281542012-08-10T12:55:11.708-07:002012-08-10T12:55:11.708-07:00MacK used the term: "underwriting standards&q...MacK used the term: "underwriting standards"<br /><br />That is a great way to put it, and it makes me wonder if there is somehow a nexus between Student Lending as it ought to be without gov't intervention, and how the P&C insurance industry will continue to operate in what is still supposedly a free market.<br /><br />If the P&C were to mirror current student lending, why not have no car insurance and let the taxpayer pay for all the accidents? <br /><br />Or is that a bad comparison?<br /><br />Or maybe not, because that is essentially what Obamacare is going to be, and also many other industriess over time if we keep going down this road?<br /><br />And why not have free life insurance for all, with premiums paid for by the taxpayer?<br /><br />Or why not do away with insurance, a Capitalistic phenom. altogether?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-53396034602278740502012-08-10T12:31:59.133-07:002012-08-10T12:31:59.133-07:0011:55 The increased borrowing has to do with the s...11:55 The increased borrowing has to do with the spiraling cost of education which is fueled by the boom in federal loans and other federal funds available for education. <br /><br />In NY State, a big reason for reduced taxpayer funding is a broken state constitution which guarantees every public employee that was hired up to 2012 pension and social security benefits vastly exceeding their salaries. A policeman earns $90,000 after 5 years of service and is guaranteed $2.2 million of benefits assuming retirement at age 48. Those benefits can never be taken away once a person starts working because of the state constitution. In New York City, pension benefits have been based on overtime in the last year of service. Many public servants in New York have six figure pensions. The cost of benefits in New York City equals the cost of salaries. Similar thing is true for lifetime retiree medical for state and local employees paid for by the government that a person who started work in 2012 can never have taken away, as long as he or she works. These constitutional protections will continue to guarantee that once a person starts work, the pensions and retiree medical benefits he or she had at the start of work can never be taken away, as long as he or she works for the state or a city in the state. <br /><br />This is the work of powerful public unions. Sure it benefits some of the boomers, but surely not those who work in the private sector. <br /><br />Those pensions and state constitutions are at least part of the reason for cutting back governmental support for public universities. <br /><br />I don't see anybody screaming to amend the state constitutions, but they should be amended because in the private sector, people have lower salaries, nonexistent pensions for the mostpart, and less job security. The state constitutions do not work anymore. THey are bankrupting our youth at the expense of a limited number of boomers and other public workers.<br /><br />You can blame the skyrocketing costs of education and lack of public support for education on the babyboomers, but if you look behind the reasons for the skyrocketing costs (unlimited federal money gushing out to anyone who wants it for any type of education without forcing schools to control costs) and reduced state support (partly fueled by the pension and retiree medical guarantees that your loyal state legislators gladly vote for in exchange for the public unions voting for them), you will see that blaming the boomers for this crisis is similar to what Hilter did when he started his mass exterminations.<br /><br />If you want to do something about this, go after the federal government, the schools that are skyjacking tuition, the state legislators and the powerful state unions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-44870720764163031952012-08-10T12:16:56.213-07:002012-08-10T12:16:56.213-07:00Mack,
It's not complicated. It just seems th...Mack,<br /><br />It's not complicated. It just seems that way because we are all so brainwashed.<br /><br />http://archive.frontpagemag.com/readArticle.aspx?ARTID=22594Danhttps://www.blogger.com/profile/15729532031872959652noreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-32186992371834129772012-08-10T12:16:48.530-07:002012-08-10T12:16:48.530-07:00@11:53 You are exactly right. Transparency is mere...@11:53 You are exactly right. Transparency is merely step one. Not only does it allow for a substantive dent in behavior by schools and prospective students, but it (and the battle against it) serves as a facilitator for the other conversations. Without knowing that the economics are screwed up, discussions about loan reform and structural legal education reform just simply wouldn't be possible.Law School Transparencyhttp://www.lawschooltransparency.comnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-26629869020943695232012-08-10T12:09:09.957-07:002012-08-10T12:09:09.957-07:0010:19 says, "Yona Porat of CU is pretty cute....10:19 says, "Yona Porat of CU is pretty cute."<br /><br />You must not have seen her in profile, which view could make Durante or even de Bergerac green with envy.Anonymousnoreply@blogger.com