ATL on Law School Bubble; your thoughts

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miamiman
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ATL on Law School Bubble; your thoughts

Postby miamiman » Tue Apr 27, 2010 2:38 pm

--LinkRemoved--

this is an interesting article. It is in many senses "old news" but still an interesting article nevertheless. the question I might pose and the one that Dean Van Zandt hints at is "at what point does it no longer make sense to attend LS at all?"

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Stringer Bell
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Re: ATL on Law School Bubble; your thoughts

Postby Stringer Bell » Tue Apr 27, 2010 2:53 pm

miamiman wrote:"at what point does it no longer make sense to attend LS at all?"


Once they actually start underwriting loans and stop giving anyone admitted to any law school an unlimited line of credit. It's a pretty simple fix (ideologically, not administratively) and the only one that I believe will really work.

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SteelReserve
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Re: ATL on Law School Bubble; your thoughts

Postby SteelReserve » Tue Apr 27, 2010 4:40 pm

Politically, this is impossible. No legislative body or administrative agency would be able to sell the reform "Give less loans to people to go to college and grad school"

Sad but true. I wholeheartedly agree with the article I just don't know if the bubble will pop.

The fact that applications are up everywhere this year is proof of that.

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Always Credited
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Re: ATL on Law School Bubble; your thoughts

Postby Always Credited » Tue Apr 27, 2010 4:44 pm

SteelReserve wrote:Politically, this is impossible. No legislative body or administrative agency would be able to sell the reform "Give less loans to people to go to college and grad school"

Sad but true. I wholeheartedly agree with the article I just don't know if the bubble will pop.

The fact that applications are up everywhere this year is proof of that.


This doesn't necessarily mean that a higher percentage of the population is applying to law school. The population of American is rising as a whole; it follows that there would be more applications per school. Higher numbers alone doesn't constitute proof of anything, although I suspect the percentage of applications relative to the population would've risen for the past two years because of the economy alone - and again, this shows no proof of any more people actually ATTENDING law school; just that they applied.

Just saying!

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traehekat
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Re: ATL on Law School Bubble; your thoughts

Postby traehekat » Tue Apr 27, 2010 5:40 pm

I think there are three BIG issues right now that need to be addressed - the methods used to report employment statistics, and the accreditation of low quality, for profit law schools, and high tuition. To be honest, even if only the methods used to report employment statistics are reformed, then it doesn't really matter how many law schools there are out there, as long as they are forthcoming about their poor employment statistics. Then prospective law students can make educated decisions as to whether a law degree is a wise investment. I wonder if the majority of law schools put even half the effort into assisting students through these tough economic times as they do finding new ways to game their numbers to lure in more applicants.




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