[quote=walterwhite]I cannot even pretend to know the answer but student loans can be bad.
Many law schools are now being sued for misrepresentations in employment data by way indebted jobless law grads.
Tuition has gone up steadily and heavily over the last few decades.
The kicker is the debt is nondishargeable in bankruptcy. Ouch. Can get ugly.
Tuition would never have gotten so astronomical without student debt flowing freely.
It’s all very scary. Large risky investments from which there is no fresh start ever in the event of failure.[/quote]
Scaredy: I know you’re an attorney, as are several friends of mine. I had a conversation with two of them over the weekend, one of whom had been a partner at Thelen, and was there when Thelen imploded.
The topic of Dewey & LeBoeuf came up and one of my friends made a comment that Dewey, in his mind, represented the tip of the iceberg in terms of Big Law firms soon to go under.
This led to a sidebar (sorry, couldn’t help myself) about the costs of top tier/elite law schools, like Boalt and Stanford and the Ivies and the fact that many law students are racking up insane debt with limited job prospects on the outside, post graduation.
Left unspoken in the discussion about college debt is that there is a subconscious expectation that a college degree will “pay off”, in terms of future employ and income. Problem is, those graduating with Liberal Arts or “soft” science degrees are finding that they racked up six-figure debt for zero prospects in the job market.
I’m all for subsidizing those kids that pri mentioned: Those who have the brains, drive, etc, but not the opportunity, but I think it has to be a business decision, meaning degrees in Mathematics and the hard Sciences, where there is a definite need and where America is starting to lag the competition.
I’m pretty sure we have more than enough lawyers (no disrespect, Scaredy).
