Thursday, March 29, 2012
First Tier Shart: Fordham University School of Law
This school produced the piece of trash known as Melvin Schweitzer, the idiot who recently dismissed the class action lawsuit against NYL$. He earned his law degree from Fordham in 1969. Check out his 35 page POLITICAL DECISION here.
Tuition: Students attending this private toilet on a full-time basis will pay $47,360 in tuition alone, for the 2011-2012 school year! Fees add another $626 to the big-ass tab. Part-time law students at Fordham University will only face a tuition bill of $35,520 - for 2011-2012. Fees will amount to $536, for this segment of the class.
Total Cost of Attendance: The commode estimates that room and board, books and supplies, travel and miscellaneous expenses will reach $25,587. Keep in mind that these bitches and hags only take nine-month living expenses into account, when calculating this figure. Seeing that actual students will require twelve-month living costs, we can prorate and determine a more accurate, total COA - for 2011-2012 - of $81,532. That is a small ransom! Who has that type of money lying around?!?!
Ranking: Based on this prohibitive price tag, this school MUST be one of the greatest, most prestigious institutions of “higher learning” in the United States, right?!?! Well, according to the ball-less shills at US “News” & World Report, Fordham Univer$ity SOL is ranked as the 29th most wondrous, fantastic and amazing law school in the nation. Actually, it shares this rating with four other schools.
Supposed Employment Placement Statistics: The commode claims that 99% of its graduates, from the Class of 2010, reported their employment status. Among these respondents, the school asserts an employment rate of 93.1 percent, within nine months of graduation.
Check out this fine print disclosure, on the bottom of the page:
“*14.7% of those reporting employment status indicating that they were employed nine months after graduation, were employed in public sector placements funded by the Law School.” [Emphasis mine]
This is one hell of an indictment, against the industry. Remember that this is a “top 30” law school. Imagine the employment situation at lower-tiered institutions. Furthermore, the dung pit admitted that many of their grads in private practice had their hiring dates deferred by a few months to a year - but that NALP that schools can count them as employed, if they were volunteering at public sector employers.
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the Fordham Univer$ity JD Class of 2011 who incurred debt for law school - as $131,648. According to this document, 76 percent of this school’s unfortunate 2011 class took on such toxic debt. Keep in mind that this figure does not take undergraduate debt into account.
Law Faculty and Administrator Salary Info: Let’s see how well these academic pigs are doing, in comparison to their debt-strapped graduates. For this information, scroll down to the last page of Fordham University’s 2010 Form 990. By the way, on line 12 of page 1, you can see that this supposedly “non-profit institution” had $568,673,074 in total revenue, for the tax year ending on June 30, 2010. On line 22, note that this university reported net assets or fund balances of $705,250,265. That’s not bad, for a Jesuit “non-profit,” huh?!?!
William Treanor, dean of the law sewer, “earned” $483,356, in TOTAL COMPENSATION - for this tax year alone. Thomas Lee, “Leitner Family professor of law,” made $367,584 in TOTAL COMPENSATION. Lastly, Sheila Foster raked in $338,438 in TOTAL COMPENSATION, as “Associate Dean for Academic Affairs, Albert A. Walsh Professor of Law, Co-Director Stein Center for Law & Ethics.” That is a mouthful. What great salaries, and all they had to do was financially ruin several young people.
Conclusion: Fordham University Sewer of Law is GROSSLY OVERPRICED. Seeing that the schools and their shills feel that prospective students should perform more research, when making their decision on whether to attend law school, look at the links provided in this post. This school truly is a gamble, and YOU are not playing with house money. If your parents, spouse, friends or co-workers pressure you to move forward, remind them that your ass is on the line. YOU will be the one who is left to repay $135K-$170K in NON-DISCHARGEABLE debt - with interest - NOT them.
At such debt levels, most of your student loans will be privately held. This means that you will face higher interest rates. Avoid this school, UNLESS: (a) your debt level will be minimal; (b) you have employment lined up beforehand; and (c) you or your family has STRONG business or political connections.
Posted by Nando at 6:47 AM