Tuesday, August 26, 2014
Paul Campos Flushes Florida Coastal School of Law Down the Drain
An Epic Slapdown: On August 13, 2014, the Atlantic published a Paul Campos piece simply entitled “The Law-School Scam.” He comes out swinging against InfiLaw. Check out this excerpt:
“From the perspective of graduates who can’t pay back their loans, however, this dream is very much a nightmare. Indeed, it’s easy to make the case that these students wind up in far worse shape than defaulting homeowners do, thanks to two other differences between subprime mortgages and educational loans. First, educational debt, unlike mortgages, can almost never be discharged in bankruptcy, and will continue to follow borrowers throughout their adult lives. And second, mortgages are collateralized by an asset—that is, a house—that usually retains significant value. By contrast, anecdotal evidence suggests that many law degrees that do not lead to legal careers have a negative value, because most employers outside the legal profession don’t like to hire failed lawyers.
How much debt do graduates of the three InfiLaw schools incur? The numbers are startling. According to data from the schools themselves, more than 90 percent of the 1,191 students who graduated from InfiLaw schools in 2013 carried educational debt, with a median amount, by my calculation, of approximately $204,000, when accounting for interest accrued within six months of graduation—meaning that a single year’s graduating class from these three schools was likely carrying about a quarter of a billion dollars of high-interest, non-dischargeable, taxpayer-backed debt.
And what sort of employment outcomes are these staggering debt totals producing? According to mandatory reports that the schools filed with the ABA, of those 1,191 InfiLaw graduates, 270—nearly one-quarter—were unemployed in February of this year, nine months after graduation. And even this figure is, as a practical matter, an understatement: approximately one in eight of their putatively employed graduates were in temporary jobs created by the schools and usually funded by tuition from current students. InfiLaw is not alone in this practice: many law schools design the brief tenure of such “jobs” to coincide precisely with the ABA’s nine-month employment-status reporting deadline. In essence, the schools are requiring current students to fund temporary jobs for new graduates in order to produce deceptive employment rates that will entice potential future students to enroll. (InfiLaw argues that these jobs have “proven to be an effective springboard for unemployed graduates to gain experience and secure long-term employment.”)” [Emphasis mine]
Do you still want to attend this for-profit trash pit, Lemming?!?! If so, then I suggest that you do the following: go to the nearest payday predatory lender, pull out $2,000 in cash, and give me that money – so I can kick you square in the nuts. It will be a much better “investment in yourself,” dumbass. At least, the pain will be temporary – and you will not be FINANCIALLY RUINED for life.
Other Coverage: On August 18, 2014, the Florida Times-Union posted a piece from Andrew Pantazi, under the headline “The Atlantic essay accuses Florida Coastal School of Law of overcharging tuition, providing poor education.” Look at this opening:
“Florida Coastal School of Law is accepting too many students, saddling them with too much debt but not enough jobs, argued a scathing essay published last week in The Atlantic magazine.
But the school’s top administration said Monday the 5000-word essay wasn’t fair or true, saying the author, University of Colorado law professor Paul Campos, didn’t rely on accurate data.”
For $ome rea$on, the bitches and hags do not even attempt to show how Campos relied on inaccurate information. If the for-profit dung beetles who operate this toilet cannot muster a tepid defense, then imagine the type of “education” that the students are receiving at this stench pit.
Now, scroll down to the author’s conclusion:
“The world of for-profit law schools, Campos wrote, “is one in which schools accredited by the American Bar Association admit large numbers of severely underqualified students; these students in turn take out hundreds of millions of dollars in loans annually, much of which they will never be able to repay. Eventually, federal taxpayers will be stuck with the tab, even as the schools themselves continue to reap enormous profits.” [Emphasis mine]
Idiot Pantazi seems to take the vultures at their word. I wouldn’t be surprised if the PR hacks wrote the first draft of the article, and then proceeded to stuff their hand up Pantazi’s ass.
Conclusion: In the final analysis, the law school pigs are lower than whale excrement. These bastards DO NOT GIVE ONE DAMN about their students or recent graduates. To them, these young men and women are mere marks to be exploited. After all, the “professors” are not going to be hired by federal agencies or law firms. Do you think – for one second – that managing partners will take these “scholars” seriously as job candidates?!?!
In the real world, one needs to perform more than 6-10 hours of labor per week. Furthermore, writing non-peer reviewed articles in obscure journals and bloviating on the effect of wheat production on the Commerce Clause is not considered “work.” This is the equivalent of a toddler scribbling over a picture with crayon. A parent might hang this on the fridge, but mostly to be kind or because the child is starting to develop fine motor skills. No one would pay for this product, and the same goes for idiotic law review pieces.
Posted by Nando at 5:25 AM