Center for College Affordability and Productivity Study Calls Out Law Schools

The CCAP published its revision of the explanation—called the “Bennett Hypothesis”—of why higher education institutions increase tuition. Looking at CPI data, higher ed. costs have soared above inflation and other notable goods and services over the last 34 years: (Source: BLS) The original Bennett hypothesis is named for former Secretary of Education, William J. Bennett, [...]

NYSBA Journal Article Relies on Several Logical Fallacies to ‘Connect the Dots’ on Legal Education’s Outlook

Gary Munneke, “Race to the Finish Line: Legal Education, Jobs and the Stuff dreams are made of,” New York State Bar Association Journal Citing his 40-years’ observation of the legal job market, Pace Law School professor Gary Munneke writes, “So when I say the writers and bloggers in the legal press have missed the mark [...]

Unload Your Law School Bonds. Now.

Reuters, “Fraud suits against law schools ‘credit negative’: Moody’s“ I suppose I have something to gain by opening with that title, even though we all know it’s inevitable that law schools will close anyway. However, real estate bubble oblivious Moody’s thinks that declining enrollments are the harbinger of reduced revenue for standalone law schools. In [...]

Bankruptcy Attorneys Publish Survey on the ‘Student Loan Debt Bomb’

National Association of Consumer Bankruptcy Attorneys (NACBA), “The ‘Student Loan Debt Bomb’: America’s Next Mortgage-Style Crisis?“ The survey of 860 members finds four in five bankruptcy attorneys have seen “significant” (48 percent) or “somewhat” increases in potential clients with student debt. 39 percent of them saw potential student loan client cases grow by 25-50 percent [...]

Will the ABA Law Student Division Respond?

On Wednesday, February 1, 2012, the Internet amused me, for on the same day, two items popped up. (1) Joint Statement of ABA Law Student Division Chair Tremaine “Teddy” Reese and Young Lawyers Division Chair Michael G. Bergmann Re: ABA and Young Lawyers, Law Students, ABA Now “Law students and young lawyers face more stress [...]