Ha! I get it now, one day you'll be getting paid by the hour to give a talk like that.
I've been listening to NPR and my local station is Charlotte. Apparently there's a law school in Charlotte that's self-destructing in a cloud of fraud allegations. Have you heard of it?
By the way are you coming out tomorrow? It's going to be a spectacle wether you think it's necessary or not.
Yeah it's a bottom tier for-profit school. There's a push from ABA (disclosure: I was an ABA officer last year) that the dept of education has started to put teeth behind.
At a decent law school it costs 180k for a 70-80% bar passage rate, which gets 50% of grads a 60k or better job. If law school were free, half of grads would be better off financially if they didn't go. At current prices, it's about 10-15% that end up better off. And that's good school's.
Charlotte has lowered entrance requirements so low to get paying students that their bar passage is in the gutter and their graduates can't find work. Now dept of ed has pulled their access to fed financial aid for students. And they did it mid year so most students are dead in the water. Probably it will be forced to close. The same company owns I think 5 other law schools. All terrible.
There are other terrible schools who are non-profit or public who have lowered requirements too far, but they fail out a significant portion of their first year class so those that survive & continue to accumulate debt are at least capable of passing the bar and possibly maybe if they're lucky getting a job. A lot of schools are starting to award a (worthless) master of legal studies degree for students who don't continue beyond the 1st year - consolation prize.
Personally I'm at a top 50 school with respectable grades and getting licensed in Texas, England/Wales, & NY to go with over a decade as a real estate developer. So, I hope that sets me apart and makes me more marketable to firms. So far it has opened plenty doors, but it has still been a good word from someone else that ended up landing me jobs.
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