Friday, August 24, 2012
Second Tier Pile of Rotten Feces: University of Richmond School of Law
Tuition: Full-time law students attending this private commode - on a full-time basis - will be charged $36,850 in tuition - for the 2012-2013 school year. That is one hell of an “investment.”
Estimated Total Cost of Attendance: According to this same document, for those who live off campus, additional expenses will amount to $16,130. Of course, these ass-clowns claim that room and board, plus utilities, will only reach $11,070.
Keep in mind that ABA-accredited sewage pits base these expenses on a nine-month basis. Seeing that actual law students will require living costs for the full year, we need to make prorated adjustments to room and board, personal budget, and auto allowance - in order to reflect this situation. Doing so, we can determine that these expenditures will reach $20,980. As such, the estimated COA - for 2012-2013 - will climb to $57,830, for full-time students living off campus.
Ranking: Based on these enormous costs, one would expect this school to be an “elite” academic institution, right?! Well, according to US “News” & World Report, the Univer$iTTy of Richmond Sewer of Law is ranked as the 58th greatest, most amazing and fantastic law school in the United States. In fact, it shares this distinct rating with the following commodes: Georgia State University, Lewis & Clark College, and Temple University. Their mothers must be very proud.
Purported Employment Placement Statistics:
The school claims that 91.57 percent of its Class of 2011 was employed within nine months of graduation. The bastards assert that 106 members of this cohort found jobs where bar passage was required, with another 32 employed in positions labeled “JD Advantage.“ However, only 58 grads from this class were hired in law firms. Apparently, these pigs are bad at math.
By the way, of those employed in law firms, two desperate souls started solo practices, 23 went to work for firms of 2-10 attorneys, and 12 grads reported working in firms with 11-25 lawyers - while one damn person landed a job in a firm of 501+ attorneys. Do you like those odds, mentally deficient lemming?!?! For $ome rea$on, the school did not even bother to publish median or average starting salary figures for this class - despite this high published employment rate.
The toilet also published this nonsense:
“Students leave Richmond Law for jobs with large and small firms, in government agencies, and in corporate offices. Our students have an enviable record of securing among the highest percentage of prestigious judicial clerkships in the country. They enter the federal government through the Presidential Management Fellowship program. Our graduates become civic servants and leaders in the legal community.”
The vile dogs forgot to mention that some of their graduates also secure employment as doc review monkeys, baristas, insurance adjusters, grade school teachers, real estate agents, or they simply return to their prior line of work. Remember that JDs who work as servers as McCormack’s Irish Pub - or sell policies at State Farm - are considered “employed,” as long as they do so within nine months of receiving their diploma. Clearly, the schools have no problem including these non-law positions - since this boosts their overall "placement" rate. What beacons of integrity, huh?!?!
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the University of Richmond JD Class of 2011 who incurred debt for law school - as $98,650. By the way, 82% of this dung pit’s 2011 class took on such toxic debt. Remember that these figures do not include interest that accrues on the outstanding balance, while the student is enrolled. Also, this sum does not take undergraduate debt into account.
University Administrator Salaries: Head to pages 63 and 64 of this corporation’s 2011 Form 990, so you can see how well these “educators” are doing, in contrast to their debt-strapped graduates. You will notice that John G. Douglass, then-dean of the law sewer, raked in $342,687 in TOTAL COMPENSATION - for the tax year ending June 30, 2011. Yes, this academic received $303,431 in base compensation, in addition to $39,256 in “estimated amount of compensation from the organization and other organizations.”
By the way, Srinivas Pulavarti, the “president” of the university’s Spider Management Company, the school’s investment management arm, earned MUCH more than the supposed head of the university. In fact, he made $2,501,824 in TOTAL COMPENSATION for the same year. Edward Ayers, in comparison, only received $838,840 in TOTAL COMPENSATION - in his role as university “president.” Who says that “higher education” doesn’t pay off in spades?!?!
Conclusion: The University of Richmond Sewer of Law is a grossly overpriced stench pile. The commode is located in a state that hosts eight law schools, if you exclude the JAG School. In sum, you will not be served well by accumulating an additional $110K-$145K in NON-DISCHARGEABLE DEBT - especially when you can, at best, look forward to working for a small-ass law firm. Do the math, simpleton: attempting to repay such mortgage-sized debt - at 6.8%-10% interest - while earning roughly $45K is not exactly feasible. Even if you live frugally, you will find it incredibly difficult to pay off your student debt. By the way, the above scenario pertains to those grads fortunate to find a job.
If any piece of trash tries to tell you that this is a wise investment, then make the turd back up its unsubstantiated claims with actual facts. In the end, you should view law school strictly as a financial decision. After all, this choice WILL affect your future and your lifestyle. Everything boils down to economics, unless you happened to be born into a wealthy family. Try purchasing a home or starting a family with your JD, massive debt, and a small salary.
Posted by Nando at 5:59 AM