This article is entitled, Options for Student Borrowers: A Derivatives-Based Proposal to Protect Students and Control Debt-Fueled Inflation in the Higher Education Market.
What’s that you say, lemming? How can I say that the law schools lie? Take a look at the following sources:
“Morse acknowledged that some law schools game the rankings, which take into account the percentage of graduates with jobs at graduation and those with jobs nine months after graduation.”
We can also look at 11th-ranked Duke Law’s “Bridge to Practice” program for unemployed JDs. Perhaps, we can look at the 48th-greatest American law school, SMU Dedman’s “Test Drive” program, whereby the school pays employers to place unemployed law grads in internships. If you prefer, we can look at 60th-most phenomenal law school in the land, Univer$iTTy of Miami Sewer of Law – and the fact that the commode will pay public interest employers to hire its students.
On page 3 of the electronic version of David Segal’s NYT piece, you can see that fourth tier trash can Thomas Jefferson School of Law admits that it includes those JDs who could not be contacted in its supposed 92% placement rate.
By the way, NALP lists an overall employment rate of 88.3% for the JD Class of 2009. In total, 44,000 graduates competed for a paltry 28,901 jobs requiring a law degree. Look at the numbers of JDs who went in solo practice, those who returned to their prior job, lawyers working as short-term research assistants, etc.
If you are a licensed attorney or JD working at Radio Shack, you are “employed” for the purposes of NALP, ABA, and US News. Because you went to law school so that you could make $7.65 an hour, right?!?!
But why would the law schools lie, you ask?! From Page 1 of Segal’s piece:
“If you’re a law school and you add 25 kids to your class, that’s a million dollars, and you don’t even have to hire another teacher,” says Allen Tanenbaum, a lawyer in Atlanta who led the American Bar Association’s commission on the impact of the economic crisis on the profession and legal needs. “That additional income goes straight to the bottom line.”
Are you still wondering why law schools would fudge the numbers?!
Furthermore, here is a listing of average student indebtedness for each law school’s graduating 2009 class, provided by US News & World Report. See where your school is listed. Also, make sure that prospective law students see this chart. This is, by far, the best ranking provided by US News, with regards to “legal education” in this country.
“The University of San Diego School of Law has continued its rise in the latest version of the US News Law School Rankings. In the 2011 version, USD Law has jumped from #61 to #56, and is now on the cusp of Tier 1 status.”
Who gives a damn, kid? If you want to stay in San Diego – and you don’t mind taking out more than $109,657 in additional, non-dischargeable student loans – then go ahead and sign on the dotted line. And make sure to refrain from wetting your pants, in case this toilet seeps into the “first tier.”
In the final analysis, it simply does not matter if your school is ranked 48th, 67th, 83rd or 112th. Schools play the ranking game, and then make a big deal when they from the third tier to being ranked 86th. The brutal reality of the situation is this: legal employers are not impressed with such a jump. And they sure as hell are not fooled by such “improvements.” Your law degree still says $yracu$e Univer$ity on it.
Remember, the administrators and “law professors” at these diploma mills get paid up front, in full. You, the student, are the one left with mountains of NON-DISCHARGEABLE debt to re-pay.
Schools lie, when it will benefit them. Keep that in mind when you are being bored to death in your Professional Responsibility course. Then again, the law school industry is run by hypocrites.