Friday, March 29, 2013
First Tier Bloody Stool: William & Mary Law School
Tuition: Virginia residents attending this school on a full-time basis will pay $27,800 in full-time tuition and fees, for the 2012-2013 school year. Out-of-state, full-time students at this commode will be slapped with a big-ass bill of $37,800 - for 2012-2013. Of course, on this page, the pigs claim that this is “a smart investment for your future.”
Total Cost of Attendance: According to this same document, law students will need a “living allowance” of $14,850, while books will amount to $1,450. As such, the estimated, total COA for in-state, full-time students reaches $44,100, whereas the non-resident, full-time budget hits $55,100.
Keep in mind that ABA-accredited diploma mills calculate living expenses on a nine-month, academic calendar. Since actual students will require rent, food, insurance, transportation and miscellaneous costs for twelve months, I will prorate the figure for the full year. Doing so leads to an estimate of $19,800 - an increase of $4,950. This leads to a more accurate COA, for 2012-2013, of $49,050 for Virginia residents attending on a full-time basis and $59,050 for out-of-state, full-time law students.
It is pretty clear that the cockroaches don’t give a damn about the students. Take a look at this silly nonsense published on this page:
“While there is no question that law school is a costly endeavor, William & Mary offers a stellar legal education for a very competitive price.”
Ranking: What exactly are you paying for, in this costly endeavor?! Based on the newest ratings issued by US “News” & World Report, William & Mary Law $chool is rated as the 33rd greatest, most marvelous law school in the United States. This in$titution shares this distinction with the University of Georgia and the University of Wisconsin.
Employment Placement Data: Take a look at the Employment Summary for the Class of 2012. There were 204 members of this cohort. This report alleges that 94.6% of this class was employed within nine months of graduation.
The school hired a total of 41 graduates - from this particular class - in university or law school-funded positions! At least, all of these jobs were full-time and long term. Of course, the public garbage heap provided these jobs, in order to artificially inflate its employment “placement” rate. If the school did not employ this large segment, then only 74.5 percent would have been employed within nine months of receiving their law degrees.
Also, only 61 grads ended up working in law firms. This figure includes the desperate solo and 18 members who went to work for law firms of 2-10 attorneys. Notice that this first tier toilet did not even provide starting salary information, in this summary.
Average Law Student Indebtedness: USN&WR lists the average law student indebtedness - for those members of the William & Mary JD Class of 2012 who incurred debt for law school - as $94,842. Fully 80 percent of this commode’s unfortunate 2012 class took on such foul debt. Keep in mind that this figure does not include undergraduate debt. It also does not take accrued interest into account.
The Attorney Glut in Virginia: On June 27, 2011, Catherine Rampell published an article in the New York Times Economix blog, entitled “The Lawyer Surplus, State by State.” The information was compiled by Economic Modeling Specialists Inc. Check out the following figures for the state of Virginia, which has the 17th most glutted lawyer job market in the nation:
“Estimated Annual Openings for 2010-2015: 956
Bar Exam Passers, in 2009: 1,375
Do you see the problem facing current law students and freshly-minted JDs, in the state?!?!
Conclusion: You will not be served well by incurring an additional $105K-$140K in NON-DISCHARGEABLE debt, for a law degree from this toilet. If you want to practice law in Virginia, you will be in a crowded field. The law school swine at William & Mary want you to believe that you are making a smart investment. Of course, these bitches and hags have no skin in the game. As the student debtor, YOU will be on the hook - for the total amount, plus interest. If you cannot find a job - or you end up with a weak salary - that does not matter. You must repay the loan. Meanwhile, the “professors” and deans have made off with the money.
Posted by Nando at 6:59 AM