Transfer Scam Forum

[h2oplyer7]

F

[buckythebadger]

This is an utterly pointless thread

[dirtrida2]

So, tell us how you REALLY feel.

[dowu]

[WhiteyCakes]

This is an utterly pointless thread

[stillwater]

um, wut?

i am always down for a good bashing of the status quo system but this is just incoherent

[PinkCow]

Looks like I stumbled onto the comments section of a yahoo news article.

[stillwater]

(I wrote this while in International Law...whatever..)

this is your first problem

[suralin]

FULL DISCLOSURE:
ME - Currently a 1L at Maryland with a 3.31 after one semester. Full scholarship with additional GI Bill to pay for housing expenses. However, I’m scared, and unless you are a golden child from YSH or another T14, you should be too.

I am attempting to transfer this year. I would like to get into either GW, Notre Dame, UCI & UCLA. I know what you are thinking...I don’t have a chance with my GPA. Well, I bet you I do with at least two of them, because everyone is hurting, and law school in general is just a massive Ponzi scheme. All of those schools, except Notre Dame, will be free for me (GI Bill). Still, I have a tough road ahead of me, but I have to try because law schools are a messy business.

Overall, I have figured out that outside the top 20 to 30 law schools it is a complete mess, and even among those top schools there are some major problems just over the horizon.

LAW SCHOOLS RANKED 30-100
Kids are pulling hundreds of thousands of dollars in loans for a 50% chance (seems to be a good LST average of law schools ranked 30-100) of getting a job that pays less than $60k a year (my guestimate from LST). Soon people will figure it out, and like any economic bubble, it will burst leaving schools without students willing to pay...then bankruptcy.

LAW SCHOOLS RANKED 1-30
These schools, except for a few, have opened their doors to ever-larger classes, diluting their school’s reputation. As lower rank schools go under, everyone else will be concentrated at a few “elite” schools. What happens when everyone is elite? No one will be elite...except maybe YSH and a few others.

LAW SCHOOLS RANKED EVERYWHERE ELSE?
Welcome to the Twilight Zone. You better have a sizable scholarship or you will be spending your life paying off student loans. Think the government will bail you out? Hahaha They are just as broke as you!

FACTS:
1) US NEWS RANKINGS are CRAP!!! US News is part of the problem and encourages law schools to lie about employment prospects. If you want good law school rankings, go to LST.
2) LAW SCHOOLS are CRAP!!! Over the past two decades law schools (like all colleges) have increased their student bodies and ratcheted up tuition into the stratosphere. They have done this while pretending the legal market is growing at the same break-neck speed. It’s not. Read any good law blog out there. Above the Law is one of my favorites, so is Law School Scam.
3) US GOVERNMENT, CONGRESS and SALLIE MAE are CRAP!!! The new bubble is education. Forget the housing bubble, the dot-com bubble, and all the rest. This bubble starts with the government and educators telling everyone they deserve higher education because it will bring them more success in life. Loan lenders love it! They petition Congress to make student loans non-dischargeable in bankruptcy. Schools love it. They ratchet up their costs since lenders have security to lend. Congress, the president and loan lenders claim all of this education will help the next generation. It is crap and a myth. More education does not mean more money. It means being forever in debt. RISE ABOVE!
4) LAW SCHOOLS are DESPERATE!!! Plunging applications and ever-growing student classes. Law School Scam blog writes a lot about this. Law school applications are collapsing, and it is the smart kids that are staying away. Law Schools are desperate...this is where there is some good news.


THE GOOD NEWS!!!
Forget everyone who claims the same standards apply today. I think that if you are in the top 20% you will be treated like those who were in the top 10% a few years ago. Schools need to fill their classes. They don’t really care about their reputations, they need money. This means you!

If you don’t have a scholarship and you aren’t at a top 10 school, then you need to try to transfer.

If you have a scholarship and are at a top 50 school, you need to stay put. Unless you have a 4.0 and are confident you can keep that up at YSH, you will get no where in life. I can’t wait to hear all the “experts” who think differently try to explain this away. Times, they are a changin’. What we are looking at is a classic financial bubble.

Schools aren’t playing by real rules anymore. They are dancing in a fairytale. Sure, YSH, and a few others will survive. However, the rest of us are screwed. What you need to do is get smart and claw your way to the top. It is a Ponzi scheme. You don’t want to be left standing when everyone else finds a chair.

Save money, get into the best school, and forget school loyalty. Trust me, they don’t care about you either!!!

(I wrote this while in International Law...whatever..)

Obligatory QFP.

[drmguy]

So, the point of this thread was to try to boost your own hopes of transferring?

[h2oplyer7]

I am sorry everyone thinks my observations were lame. I would love to get a job and that is all I care about.

I already have money...enough I don't need to work. The point was that most of the kids in law school today have no clue what awaits them. Debt, debt, and more debt. When I worked in finance in LA my team had plenty of clients who were successful, but broke. The most common reason, hundreds of thousands of dollars of debt. A lot of that debt was student loans. I have lived my life avoiding debt and investing. It works. That was my point.

Anyways, just ignore the post if it offends you.

[Ludo!]

Thank you for this new and refreshing information

[dkb17xzx]

Looks like I stumbled onto the comments section of a yahoo news article.

haha

[manofjustice]

This is an utterly pointless thread

[Ludo!]

Damn OP, when the Pollfressor only posts one line in your thread AND it's just a requote, you know your thread sucks

[mephistopheles]

yeah, writing scamblog posts while in class with a suboptimal gpa is not a good look, OP.

[Awkward]

I am sorry everyone thinks my observations were lame. I would love to get a job and that is all I care about.

I already have money...enough I don't need to work. The point was that most of the kids in law school today have no clue what awaits them. Debt, debt, and more debt. When I worked in finance in LA my team had plenty of clients who were successful, but broke. The most common reason, hundreds of thousands of dollars of debt. A lot of that debt was student loans. I have lived my life avoiding debt and investing. It works. That was my point.

Anyways, just ignore the post if it offends you.

How come like 99% of people who get called out for their post on this forum refer to some line about already having money / not needing a job? Are there just a lot of dumb trust fund babies trying to impress daddy by going to law school? But a rich kid probably wouldn't join the army.. so you're a self made millionaire? why attend law school to begin with?

[rad lulz]

But a rich kid probably wouldn't join the army.. so you're a self made millionaire? why attend law school to begin with?

Stats show that wealthier people are over represented in the armed forces. HTH.

[stillwater]

But a rich kid probably wouldn't join the army.. so you're a self made millionaire? why attend law school to begin with?

Stats show that wealthier people are over represented in the armed forces. HTH.

LULZ with the hard, fast data.

[shock259]

Thank you for this new and refreshing information

+1

OP doesn't really deserve a response, but meh.

People need to distinguish T/TT/TTT -> T10 transfers (usually good idea) from TTTT -> TT transfers (danger). If you are transferring into a school with a horrible OCI, you're going to have a horrible OCI. But if you transfer into a school with a great OCI, you'll likely get something from it. Employers love CCN transfers and every CLS transfer I know has a 2L SA (most received many offers) regardless of what school they came from. By your own admission, you have no experience with the transfer process. So you're just making baseless generalizations.

[h2oplyer7]

First off, I was in the military, but I made my money in finance when I got out. I am NOT rich. But I am not desperate for a job since I can live off what I have. I am most likely older than everyone in here. I guess I don't get how these pages work.

Everyone in here is acting rather rude. I have not posted in a long time and I was only trying to help. From your responses you seem to already know what I was trying to talk about. That's fine. Most of this was new to me though. Maybe others didn't know either.

I don't see why there is all the hostility. I was merely trying to point out that there is a unique opportunity to get into a better law school this year if you don't have a scholarship. I have learned first hand that this is very important. One of the younger guys pointed me in the direction of law school scam and I have been reading it non-stop for the last day. Like I said, if you are bothered by my post don't respond.

[tfer2222]

Thank you for this new and refreshing information

+1

This doesn't really deserve a response, but meh.

People need to distinguish T/TT/TTT -> T10 transfers (usually good idea) from TTTT -> TT transfers (danger). If you are transferring into a school with a horrible OCI, you're going to have a horrible OCI. But if you transfer into a school with a great OCI, you'll likely get something from it. Employers love CCN transfers and every CLS transfer I know has a 2L SA (most received many offers) regardless of what school they came from. By your own admission, you have no experience with the transfer process. So you're just making baseless generalizations.

+1. the disclosure of being a 1L discredits almost everything OP says. (That, and the fact that OP thinks transferring to GW, Notre Dame, UCI or UCLA will somehow take him/her out of the group of people he thinks are so screwed).

[justonemoregame]

WHAT HAPPENS WHEN EVERYONE IS ELITE???

NO ONE IS ELITE!!!!!!!

Too bad your LA Finance Team wasn't hip to the whole law school bubble before you wasted your time moving cross country

[Bildungsroman]

Nice transfer manifesto, 1L.

[togepi]

sounds like someone was on adderol when they typed this.