Tuesday, January 15, 2013
Shiny Catholic First Tier Turd: Notre Dame Law School
After the school’s football team got pounded in the ass 42-14 in the national title game on January 10th, it is now time to flush the law school.
Tuition: Full-time law students at Notre Dame will be ball-punched to the tune of $45,980 – for the 2012-2013 academic year. According to the 2011 Form 990 for the University of Notre Dame du Lac, i.e. Employer ID No. 35-0868188, the “non-profit” corporation had $7,582,902,355 in total net assets as of June 30, 2011. With a university endowment exceeding $7.5 billion, the school desperately needs those tuition dollars, right?!?!
Estimated Total Cost of Attendance: The bitches and hags were nice enough to provide living expenses on the same document. According to the overpriced “in$titution of higher learning,” these costs will add another $18,100 to the tab. The school estimates a total COA of $64,080 for 2012-2013.
Keep in mind that ABA-accredited diploma mills base this figure off of a nine-month calendar. Since actual law students will require living expenses for twelve months, we will prorate the following: tuition and board; personal costs; and transportation. Doing so, we reach a more accurate estimated COA of $69,597 – for the current year. What a great deal, huh?!
Ranking: Bob Morse of US "News" & World Report lists this as the 22nd greatest, most remarkable law school in the United States. If you are impressed by that, then you would likely wet your pants upon seeing a new Honda Civic in the lane next to you. Of course, if you are a broke-ass JD driving a 1998 Chevy Malibu with 189K miles on the odometer, then maybe your excitement is understandable.
Employment Placement Data: Check out this line from the commode, under the sub-heading “Today’s Job Market”:
“Notre Dame Law School gathered data related to the employment of each member of the Class of 2011, and determined that the national employment rate of law graduates nine months after their May 2011 graduation was the lowest it has been since 1994.” [Emphasis mine]
Of course, the pigs then blamed this situation on the “economic downturn.” Then again, when was the last time that you expected universities and law schools to be honest about anything?!
Under Employment Status, notice that only 91.58 percent of the commode's Class of 2011 found work, within nine months of graduation. Furthermore, 43 of the 174 employed grads were in short-term positions. This figure represents 24.71% of gainfully employed JDs, from this cohort.
Scroll down to Types of Employment. Notice that only 64 members of this class ended up working in private law firms. To be fair, 39 grads reported that they had attained judicial clerkships. Now, head over to Size of Firms Employing NDLS Grads. Look at the huge drop in the number of grads working in firms of more than 500 attorneys, for the Class of 2011 - in comparison to the prior graduating classes. Only 13 members of the 2011 group found such employment, where this figure stood at 32, 51, and 47 for the respective classes of 2010, 2009, and 2008. The job market is starting to affect higher-ranked toilets...except for the tuition rates. Those continue to SKYROCKET, for $ome rea$on.
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the Notre Dame JD Class of 2011 who incurred debt for law school - as $94,443. Overall, 89 percent of this 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 in school.
University Athletics Salaries: Apparently, no member of the law faculty made it on the list of the highest compensated employees. If you scroll to Schedule J, Part II - Officers, Directors, Trustees, Key Employees, you will note that fired football coach Charles Weis is still being paid more than $2 million per year. Yes, the fat pig received $2,055,839 in "other compensation" from the supposed "non-profit" corporation, for the tax year ending June 30, 2011. It is also nice to see that this "august institution of higher learning" was able to pay its Athletics Director, John Swarbrick, a sum of $1,026,942 in TOTAL COMPENSATION, for the same year. This staple of academia certainly has its priorities straight, since it is focused on the money.
Conclusion: In the final analysis, the shrinking and GLUTTED lawyer job market is starting to affect students and graduates of this first tier toilet. Do not attend this Catholic commode unless you have strong family, political or business connections before you enroll, and merely need or want the credential as an added bonus. Hell, people from law schools such as NYU, UVA, and Georgetown are being shut out of the "profession." In 2010, grads from the University of Michigan were encouraged to work for LPOs in India. Columbia Law School told its students to attend the undergrad job fair, back in September 2009. You do not need to incur an additional $100K-$135K in NON-DISCHARGEABLE debt for a JD from an alleged elite "in$titution." The goal is to provide shelter for your family and put food in the fridge, not attain some semblance of "prestige."
Posted by Nando at 7:26 AM