Tuesday, June 7, 2011
Check Your Drawers: Chapman University School of Law
Tuition: For the 2010-2011 school year, this commode charged its full-time students $41,460 in tuition. For the same academic year, part-time students at Chapman University Sewer of Law only needed to pay $33,000 in tuition.
Total Cost of Attendance: Under the worst case scenario, i.e. attending this piece of trash on a full-time basis while living off-campus, the school estimates that the COA – for 2010-2011 – amounted to $70,959. Keep in mind that these cockroaches are only looking at nine-month living expenses.
Taking twelve month expenses for room and board, personal costs, and transportation into account, we reach a more accurate COA figure of $79,845, for 2010-2011. Imagine attending this school, for all three years.
Ranking: The cost of admission is high, and the school is located in pricey Orange, California. Surely, the school’s sterling reputation will justify this extensive price tag, right?!?! Actually, US “News” & World Report rates this toilet as the 104th best and most elite law school in the land.
Employment Placement and Starting Salary Data: According to this page, the toilet’s Career Services Office shows that 83.4 percent of Chapman’s JD Class of 2010 was employed within nine months of graduation. Furthermore, the school notes: “This percentage includes both full-time and part-time employment.” The pie chart notes that 18% of “employed” grads are working in academia - which includes Chapman Law’s Post-Graduate Research Assistant Program!!
On top of this, the overall average starting salary is $71,013, whereas the median starting salary is $60K. Yes, that is very impressive, isn’t it?!?! In fact, this is well worth the cost of admission, right?! After all, WHO WOULDN’T want to pay $79K per year – for such wondrous job prospects?!?!
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the Crapman University JD Class of 2010 who incurred debt for law school - as $115,064. Furthermore, 88% of this trash pit’s 2010 graduating class took on such toxic debt.
Administrator and Faculty Pay: We will head over to page 36 of Chapman University’s 2009 IRS Form 990, to see how well the pigs are doing. Before we head to the law school swine, we will note that university president James Doti made $1,254,991 in TOTAL COMPENSATION – for 2008. By the way, James: the fact that the commode is located in Orange does not mean that your skin color must be tangerine.
The following figures likewise show TOTAL COMPENSATION, for law faculty members in 2008: Jeremy Miller “earned” $287,291, for “teaching” criminal law and legal ethic$. Then-dean John Eastman banked $309,933, in 2008. Timothy Canova, “professor” of International Economic Law, made $210,078, for the same tax year. Lastly, seeing that Vernon Smith made $582,797, he is well-situated to be a “professor of law and economics.”
Wow! You can intern at the law school’s Entertainment Contracts Law Clinic. Yes, because Robert Downey Jr. and Angelina Jolie will look no further than Chapman’s sewer of law when deciding to hire their next agent!! [Disclaimer: You, as a TTT grad have NO SHOT IN HELL of ever representing such clients.] The fact that this garbage can features such a clinic is outrageous.
As a student at the pre$TTTigiou$ Chapman University Sewer of Law, you will have the unique opportunity to write onto the Chapman Journal of Criminal Justice. How many people can honestly say that they accomplished their dreams?! Here is a brief breakdown of criminal “justice”: (a) if you have enough money, you can buy the best legal defense available – and perhaps walk away free, when you are flat-out guilty of a horrendous crime; and (b) if you do not have money or power – but are falsely accused of a serious crime – you can rot in prison for decades. How is that for a just and equitable system?! By the way, I didn't charge you ten cents, let alone $41,460, for the lesson.
Conclusion: Good luck finding a decent legal position, in the LEGENDARILY- OVERSATURATED Southern California lawyer job market. Have fun competing for jobs against better-situated graduates from USC, UCLA, UC Davis, UC Hastings, etc. Do you think that law firms will give you the time of day?
If we take the school’s $elf-publi$hed figures at face value – and look at the average law student indebtedness – we can see that this is a MORONIC financial decision. Why would any rational being take out an additional $115K-$165K in NON-DISCHARGEABLE debt – for a chance to earn $60K-$70K per year?!?! Keep in mind that MANY grads did not report their salary info. Now, imagine trying to repay that mountain of debt - while earning $35K-$45K per year. Remember that the debt amount does not count student loans incurred during undergrad.
Check out FinAid’s advice on the amount of total student debt one should incur:
“A good rule of thumb is that your total education debt SHOULD BE LESS THAN your expected starting salary. If you borrow more than twice your expected starting salary you will find it extremely difficult to repay the debt.” [Emphasis mine]
Posted by Nando at 4:35 AM