Friday, March 14, 2014
Outrageous Law School Debt Rankings - for the JD Class of 2013 - Have Been Released
Top Ten Biggest Financial Rapists in “Legal Education”: As reported to, and published by, US “News” & World Report, here are the biggest offenders. The following figures pertain to “average indebtedness of 2013 graduates who incurred law school debt.” The percentage of the class that incurred debt for law school is included next to the amount:
Thomas Jefferson School of Law: $180,665; 92%
New York Law School: $164,739; 84%
American University (Washington): $158,636; 88%
California Western School of Law: $157,748; 90%
Northwestern University: $155,777; 78%
Whittier College: $154,267; 92%
University of Chicago: $153,753; 85%
Florida Coastal School of Law: $150,360; 91%
St. Thomas University: $150,166; 91%
University of Miami: $148,513; 79% [Emphasis mine]
Keep in mind that the debt totals above do not include the amount of student loans taken out for undergrad. They also do not take into account the interest that accrues while the victim/student is enrolled. At these ridiculous, monstrous sums, you will be relying on private loans to fund much of your garbage “education.”
There is No Correlation to “Quality” of School: Take a look at the latest edition of the law school rankings scheme from USN&WR. University of Chicago is tied for 4th best, and Northwestern is rated 12th in the country. The University of Miami settled at 61st, and American University Washington Commode of Law splashed all the way down to the 72nd spot. New York Law $chool is listed as the 140th greatest, most phenomenal and amazing law school in the land.
The following five toilets are ranked in the FOURTH TIER: California We$TTTTern $chool of Law; Florida Coastal Sewer of Law; St. Thomas “University”; TTTThoma$ Jeffer$on SOL; and Whittier College. That is an incredible achievement, huh?!?!
Other Coverage: Matt Leichter wrote a solid LSTB entry entitled “Record 14 Law Schools Didn’t Report 2013 Graduate Debt to US News.” Look at his analysis and accompanying chart:
“Each year, accompanying the U.S. News rankings is the online magazine’s list of law schools by graduate debt. The law schools are required to report this information to the ABA, but the ABA inexplicably doesn’t release it to the public, even though it’s one of the most useful things people studying law schools would like to know about. Instead, the ABA takes an unweighted average of the numbers and posts it in this pdf. Thus, for some reason, we must rely on U.S. News, and of course, law schools can decline to transmit their graduates’ average debt numbers.
On average, about four law schools (excluding Widener University’s Harrisburg campus, the three Puerto Rico law schools, and Belmont because I don’t think it’s had any graduates yet) don’t report average graduate debt levels. The previous record was six in 2010. This year, as many as fourteen chose not to. Here’s the list and their last reported average graduate debt levels:
Arizona Summit (formerly Phoenix) – $162,627 [UPDATE: Per the comments below, Arizona Summit Law School's Web site posts its 2012-13 graduates' average amount borrowed as $184,825.]
Southwestern – $147,976
Atlanta’s John Marshall – $142,515
Cornell – $140,000
Touro – $137,781
Campbell – $130,428
Santa Clara – $129,621
Loyola (La.) – $124,335
Thomas M. Cooley – $122,395
Appalachian – $114,740
La Verne – $112,628
Texas Southern – $99,992
Florida A&M (two years in a row) – $96,934
Rutgers-Camden – $93,990 [Emphasis in original]
Leichter pays close attention to detail, and he researches his posts thoroughly before publishing. The writing is clear and concise. If you are still considering pursuing a law degree, and you choose to ignore his data or that contained in the other scam-blogs, then you deserve to be in financial ruin.
Conclusion: If you are not wealthy or SERIOUSLY connected and you believe that it is a wise decision to attend law school, then you truly are a cretin. You should not be entrusted to watch someone's goldfish over the weekend. I seriously doubt that you have the mental capacity to dress yourself in the morning. Furthermore, it is obvious that the 14 ABA-accredited trash pits that WILLINGLY CHOSE to not supply their debt figures are merely trying to pull one over on dimwitted applicants. Would you purchase a car from some ass-clown in a cheap suit, if he concealed certain information about the automobile - such as the fact that it had been involved in a serious accident?!?! Then why in the hell would you incur $145K-$200K in NON-DISCHARGEABLE debt for a sorry-ass law degree from a festering garbage heap?! Grow a brain stem and do something useful with your life.
Posted by Nando at 5:46 AM