tag:blogger.com,1999:blog-5164886390834386622.post7500888693757641969..comments2023-10-30T08:41:06.178-07:00Comments on Inside the Law School Scam: The decline of American journalismLawProfhttp://www.blogger.com/profile/05174586969709793419noreply@blogger.comBlogger81125tag:blogger.com,1999:blog-5164886390834386622.post-12232160652711783952012-04-09T06:47:41.635-07:002012-04-09T06:47:41.635-07:00Did this guy really get into HLS and HBS? 50K tui...Did this guy really get into HLS and HBS? 50K tuition plus opportunity costs but nothing for room and board? Can he honestly overlook that as a recent grad? My best guess is that he is still in the hole himself and his survival instincts have blinded him to the damage he is doing to others.. telling everyone that going to a top 14 law school is a great investment could be defensible, but saying that about any law school without qualification seems completely ridiculous... It would be unfortunate if he ran into some unemployed law grad in a dark alley one night..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-65464332286848979772012-04-09T06:10:06.145-07:002012-04-09T06:10:06.145-07:00The appeal is not a surprise. They said they were ...The appeal is not a surprise. They said they were going to. Appeals to the App. Div. are a matter of right, not the Court of Aopeals, though.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-44808432623936952872012-04-09T05:20:36.763-07:002012-04-09T05:20:36.763-07:00"8:32, there still is (or least appears to be..."8:32, there still is (or least appears to be) a good private student loan market."<br /><br />You're an idiot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-24779008857122426632012-04-09T05:20:13.489-07:002012-04-09T05:20:13.489-07:00A putative class of New York Law School graduates ...A putative class of New York Law School graduates is appealing a judge's dismissal of its suit alleging the graduates' alma mater inflated its postgraduate employment figures, disputing the ruling that reasonable consumers should have spotted the data's flaws, the class said Thursday.<br /><br />In a notice of appeal filed in New York state court, the plaintiffs argue Judge Melvin L. Schweitzer erred in ruling that a reasonable consumer acting reasonably could not have been deceived by the allegedly inflated employment statistics supplied by the law school because information from other sources raised red flags about the school's data.<br /><br />Judge Schweitzer "created a very objectionable proposition that, because there’s some information out there from some source that the statements of the defendants are inaccurate, a reasonable person could not rely on them," said Jesse Strauss of Strauss Law PLLC, an attorney for the plaintiffs. "That is absolutely not the law in New York."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-59007925899643409152012-04-09T00:29:26.989-07:002012-04-09T00:29:26.989-07:00JP Morgan pulled out of the private student loan b...JP Morgan pulled out of the private student loan business on Friday. The last time they pulled out of a market (mortgages) it crashed a few months later.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-65091086853529958162012-04-08T21:30:50.703-07:002012-04-08T21:30:50.703-07:008:32, there still is (or least appears to be) a go...8:32, there still is (or least appears to be) a good private student loan market. The conspiracy theorist side of me thinks that these banks got a heads up that Congress may revisit the bankruptcy nondischargeability issue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-6134117707749593432012-04-08T20:32:33.994-07:002012-04-08T20:32:33.994-07:007:47, FYI the vast majority of SLs come from the g...7:47, FYI the vast majority of SLs come from the government now so there was no market for them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-67511522532091891312012-04-08T19:47:47.067-07:002012-04-08T19:47:47.067-07:00http://www.americanbanker.com/issues/177_63/us-ban...http://www.americanbanker.com/issues/177_63/us-bank-student-lending-cfpb-1048016-1.html<br /><br />US Bank and Chase have both decided to stop issuing student loans. The Educational Industrial Complex holds its breath...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-30430698608703141772012-04-08T17:07:19.039-07:002012-04-08T17:07:19.039-07:00True, but would he not be immediately recognized b...True, but would he not be immediately recognized by most readers of Forbes as an apologist for the industry? The fact that he has to trot out the standard defenses about education being the best long-term investment, etc., etc., just goes to show that mainstream opinion is now beginning to question some of those tired maxims, especially with tuitions being buoyed up out of all proportion to their real value via cheap and easy credit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-48675969053582644342012-04-08T14:02:50.661-07:002012-04-08T14:02:50.661-07:00If you say so...If you say so...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-39991508713424077082012-04-08T12:55:07.619-07:002012-04-08T12:55:07.619-07:00Brilliant...Brilliant...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-48224721107465893542012-04-08T10:26:48.182-07:002012-04-08T10:26:48.182-07:00buttbuttAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-59773707470214971442012-04-08T10:16:09.463-07:002012-04-08T10:16:09.463-07:00@5:17-- Some people prefer to be in business than ...@5:17-- Some people prefer to be in business than to be lawyers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-39560418457513055602012-04-08T06:57:50.802-07:002012-04-08T06:57:50.802-07:00Campos reader reviewing Shawn O'Connor's c...Campos reader reviewing Shawn O'Connor's course: http://www.yelp.com/biz/stratus-prep-manhattanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-1097086562501624432012-04-08T05:17:20.365-07:002012-04-08T05:17:20.365-07:00Well, I think the true testament to the market is ...Well, I think the true testament to the market is what the author DOES, not what he SAYS. <br /><br />With such gold-plated credentials as a Harvard MBA AND Harvard law degree, where is he now? <br /><br />Not on Wall Street. Not at some white shoe law firm. <br /><br />He's in the grad school scam business.....presumably because that's where he feels the money is right now. <br /><br />Think about that for a minute. <br /><br />He's one notch above the guys on T.V. at 3 a.m. that are willing to share their secrets to getting filthy rich in real estate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-38062792341657292862012-04-07T13:13:42.373-07:002012-04-07T13:13:42.373-07:00@ bored 3l:
Very, very nice job responding to tha...@ bored 3l:<br /><br />Very, very nice job responding to that delusional Pynchon woman. <br /><br />(LOL--she earned her LLM at "considerable expense." Now I am certain -that- was money well spent!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-55464105927924496022012-04-07T10:47:27.290-07:002012-04-07T10:47:27.290-07:001) The question is not whether a JD will have a be...1) The question is not whether a JD will have a better time than an average HS/college grad but whether they will be better off than people who could have attended law school but didn't. DJM pretty much pwnd O'Connor in the comments on this point. <br /><br />2) 11:30. Having posted a few more comments and received a few more responses, I'm starting to think she is a troll or some sort of Boomerbot. It's almost infuriating. She did an LLM in 06 and her son graduated from UCLA then and she tried to say she graduated into a recession- 2006 was during the boom.bored3Lnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-22373467591556480722012-04-07T10:46:07.381-07:002012-04-07T10:46:07.381-07:00Gotta love that he used "slam dunk" to d...Gotta love that he used "slam dunk" to describe a transparently bullshitty statement. Freudian slip?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-33524017336147771332012-04-07T09:16:46.255-07:002012-04-07T09:16:46.255-07:00@3:43AM: Hi, Joan King!@3:43AM: Hi, Joan King!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-43547398177066157742012-04-07T08:02:25.455-07:002012-04-07T08:02:25.455-07:00So we know that new JDs graduate with a ton of deb...So we know that new JDs graduate with a ton of debt. Has anyone run the numbers of the amount of interest payments generated for the Vampire Squids over the lifetime of those loans? Also, what has been the effect on interest payments since the recent federal legislation on student loans is now in place? Prof. Campos, that might be worth a substantive post.<br /><br />-TemplarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-82761935635460490512012-04-07T07:46:54.831-07:002012-04-07T07:46:54.831-07:00Because Nando is pretty clearly a head case, obses...Because Nando is pretty clearly a head case, obsessed with fecal matter.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-21585774806892765202012-04-07T07:17:50.673-07:002012-04-07T07:17:50.673-07:00@3:43AM
Why is responding to Nando a new low?
An...@3:43AM<br /><br />Why is responding to Nando a new low?<br /><br />And its all sounds a bit like kicking the can/problem down the road when you say: <br /><br />"I'll bet that forty years from now most of the JDs will actually have come out ahead from your average HS/college undergrad."<br /><br />Thinking like yours is toxic.<br /><br />What's your real name Anon? <br /><br />Chemical Ali?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-47528354313637054642012-04-07T06:16:43.776-07:002012-04-07T06:16:43.776-07:00Not enough time has passed to really say that the ...<i>Not enough time has passed to really say that the vast majority of JDs will (not) come out net-positive from the deal. </i><br /><br />We can already agree that the 30-50% in any given year who can't find jobs practicing law (and aren't heirs to millions) will probably not "come out net-positive," yes? Or that looking at the "success" of past graduates is inevitably tainted by law schools' practice of determining median salaries based on the responses of a statistically unrepresentative portion?<br /><br />Average household income has remained stagnant in this country since the 1970's, when my father went to law school. In that time, the cost of private law schools has quadrupled and the cost of public law schools has quintipled. The going rate for federal student loans is around 7.5%, at a time when the price of credit is at a 30-year low. For anybody financing their education who doesn't get a job in law or one that does not qualify for the public service benefit of IBR, the cost of law school and the interest on those loans will break them the minute they graduate, even if they can't immediately appreciate it because of programs designed to blunt the edge.<br /><br />If you want to limit your statement by saying that that subset of JDs who are able to attend law school without debt financing will probably have a better time of it than somebody with a HS/BA/BS, fine. However, that doesn't describe more than a vanishingly small part of the JD population - and those people are going to be legacies at the schools that can still find jobs for most of their students, if not nepotism hires at Daddy's firm.Morse Code for Jhttps://www.blogger.com/profile/15533833808776688455noreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-33753218066682073272012-04-07T03:43:54.590-07:002012-04-07T03:43:54.590-07:00* will NOT come out net-positive from the deal* will NOT come out net-positive from the dealAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5164886390834386622.post-18756504136958082062012-04-07T03:43:22.087-07:002012-04-07T03:43:22.087-07:00Not enough time has passed to really say that the ...Not enough time has passed to really say that the vast majority of JDs will come out net-positive from the deal. <br /><br />True, the minority who are extremely irresponsible with the amount of debt they take on will probably have a hell of a time and may never do it, but I'll bet that forty years from now most of the JDs will actually have come out ahead from your average HS/college undergrad.<br /><br />That's not to say that it's going to be the life of excess that they expected, but it also doesn't mean that, by investment return standards, it is a guaranteed poor investment like most here believe.<br /><br />You can't look at the past five years as typical and forecast accurately from them...that is bound to be even more inaccurate than looking at the past 50 and doing so. Somewhere in between is probably more like where we're going to be over the next 20-30 years.<br /><br />BTW: Law Prof, when you directly responded to Nando's foolish comment you hit a new low.Anonymousnoreply@blogger.com