Big Dog wrote: -- How schooling is funded around the world is not relevant.
When the argument is that government has no place in subsidizing education yet other countries do it better, it is absolutely relevant.
dingbat wrote:actual knowledge of the banking industry. Unsecured debt it extremely risky and future income (depends on what field of study, but still) unsure enough that the risk premium would probably put the loans past the limits of usury laws.
Yeah man, for some reason people think that YHS is above getting fired or laid off and that their career is peachy through to the day they retire to their yacht and house in the Hamptons.
zebra6777 wrote:Yes please, let's talk about the implications, rather than trying to solve the law school crisis on a L0 forum, lol.
Do we know for sure that the app numbers numbers are down for t14 schools? It would make sense that the numbers would be down for non-top 30 schools, where the chances of paying off 150k debt are insanely low. But why would they be down hardcore for t6 and t3, where you have LRAP programs and/or much better shot of landing a biglaw job to pay off your loans in several years. Or am I missing something?
We know that apps are down because 170s are down and GULC's statement today mentioned their apps were down 12%. But it doesn't really matter if apps are down. There are barely enough 170s to fill out the T14 this cycle. They will either try to grab every 170 that they can or they will cut class sizes or they will sacrifice LSAT medians or some combination. For most schools, it's not going $150,000 in debt, it's going $250,000 in debt, and it's not something that is paid off quickly regardless of job.