Sunday, April 27, 2014
Hello, debt-strapped fools.
You Chose to Ignore Sound Advice: I warned you waterheads back on September 15, 2011. Hell, Brian Tamanaha and Paul Campos – tenured law professors – had also highlighted this filthy industry by that time. David Segal’s brilliant masterpiece, “Is Law School a Losing Game,” was published by the New York Times – on January 8, 2011. In fact, it was the featured story on page 1 of the Business Section, Sunday edition. If you are about to receive that piece of toilet paper known as a law degree, then you have only yourself to blame.
Average Law Student Indebtedness: Take a look at these sickening, vile law student debt figures. If these numbers do not make you physically ill – or make your blood boil - then you are a eunuch. US “News” & World Report published a chart featuring Average Indebtedness of 2013 graduates who incurred law school debt. Let’s look at some of the biggest pigs, along with their overall USN&WR ranking:
Thomas Jefferson Law School, $180,665, 92 percent, TTTT;
New York Law School, $164,739, 84 percent, 140th “best”;
American University Washington College of Law, $158,636, 88 percent, 72nd best;
California Western School of Law, $157,748, 90 percent, TTTT;
Whittier Law School, $154,267, 92 percent, TTTT; and
Florida Coastal School of Law, $150,360, 91 percent, TTTT.
Keep in mind that these figures do not include debt from undergrad. They also do not take accruing interest into account. Who in their right mind takes on such outrageous sums to attend an ABA-accredited trash pit?!?!
The Crumbling Law Firm Model: On December 16, 2013, the ABA Journal posted a Debra Cassens Weiss piece labeled “Is the law firm pyramid collapsing? BigLaw is aging with more partners than associates.” From the opening:
“1988 was a peak year for associates in BigLaw.
The percentage of associates in the nation’s top 250 law firms was at its highest point that year, comprising more than 60 percent of the lawyers, Indiana University law professor William Henderson has found. Beginning in 2008, there have been fewer associates than partners in large firms.
Henderson discusses the issue in a monograph, in a post at the Legal Whiteboard and in an interview with Above the Law. “Large firms are not going extinct,” he writes at the Legal Whiteboard. “But as a matter of demographics, they are greying. If BigLaw were trading on the Nasdaq, the analysts would be very critical of this trend.”
The pyramid has been replaced by a diamond, Henderson says in the monograph, with “a relatively small number of entry-level associates, a growing bulge in the non-equity and counsel ranks, a sizable but largely invisible group of permanent staff attorneys, and a proportionately smaller equity class of partners who grow and control valuable client relationships.” In the short-term, the result is higher partner profits.
But Henderson sees the current leverage ratio as shortsighted and unsustainable in the long run. He cites a 2012 survey by American Lawyer Media in which 74 percent of managing partners forecast an increase in lateral hiring over the next five years, but only 15 percent foresaw hiring more first-year associates. “These numbers suggest that the market for lateral associates is in the process of thinning out,” he says, “and thus will not be a reliable source for high-quality legal talent.” [Emphasis mine]
Only 15 damn percent of managing partners in that 2012 survey expected to hire more first year associates. Do…you…understand…that, morons?!?! Or do you need me to draw you a diagram with Crayola on posterboard?
Death of the Doc Review Monkeys: Weekly magazine New York published Chris Opfer’s article, “Rise of the Machines: New Technology May Spell the End for NYC’s Bottom-Rung Lawyers,” on March 14, 2012. Check out this insightful portion:
“There's no escaping the fact that as predictive coding is used more widely, the technology will reduce the overall number of documents to be reviewed and the attorneys needed to review them. Judge [Cockroach Andrew J.] Peck noted the technology will require human review of less than 2 percent of all documents in an average case. His stamp of approval means that the document reviewer ranks may be culled sooner rather than later.” [Emphasis mine]
Surely, none of you dolts went to law school for the purpose of going into doc review. In the past, this was at least an option for those who attended garbage schools. Now, even those crumbs are being taken away from them. Then again, you can now review documents for $8 an hour. What a thriving "profession," huh?!?!
Conclusion: In the final analysis, YOU ignored the extensive, well-researched warnings from mainstream publications, scamblogs, lawyers, judges, and a few bold professors. Now, you are facing the abyss of insane levels of NON-DISCHARGEABLE debt and weak-ass job prospects. Yes, you picked an amazing time to attend law school, right?!?! If you are a member of this idiotic class, then don’t not complain to anyone about your plight. After all, you chose to chase long odds for a career in a GLUTTED, shrinking industry.
You can now spend seven years in “higher education” so that you be an uncompensated Marin County Deputy District Attorney! Who wouldn’t want to sign up for this indentured servitude position - especially when it’s located in an affluent area?! Of course, you also must do the following before even being considered: pass the California Bar Exam; work full-time; commit for a minimum of six months – and with no hope of getting hired on after your stint!
Posted by Nando at 5:57 AM
Monday, April 21, 2014
The Commode is Downgraded by Two Categories: On April 17, 2014, the Vermont Digger published Anne Galloway’s piece, which was entitled “Moody’s downgrades Vermont Law School’s revenue bonds.” Take a look at this epic opening:
“Moody’s Investors Service, an investment assessment services company, downgraded Vermont Law School’s $10.3 million in 2011 revenue bonds this week. Moody’s lowered its rating for the school’s bonds from Baa2 to Ba1 this week.
The downgrade drops Vermont Law School by two rating categories. (See chart at end of article.)
TD Bank holds the bonds, which were issued by the Vermont Educational and Health Buildings Finance Agency.
Moody’s gave the school a negative outlook because a covenant written into the debt service contract requires that the school maintain a rating of Baa2 or higher. TD Bank could demand an accelerated repayment of the debt, according to Emily Schwarz and Edith Behr, the Moody’s analysts who authored the report.
The downgrade is based on “substantial declines” in law school enrollments because of reduced national demand for juris doctorate programs and an expectation that revenues from student tuition will be lower at Vermont Law School. This loss of revenue, Moody’s says, will put pressure on the school’s cash flow and debt service coverage.” [Emphasis mine]
You’re welcome, bitches! This truly is remarkable news. Hell, four years ago, ball-less shills kept saying that critics of “legal education” were wasting their time “crying” about the law schools. Now, we have turned the tables on the bitches and hags.
Nuggets From the Report: On April 14, 2014, Moody’s Investor Service released a rating action labeled “Moody's downgrades Vermont Law School to Ba1; outlook negative.” Check out this gem:
“The downgrade to Ba1 reflects continued substantial declines in JD enrollment given reduced national demand, expectations for lower net tuition revenue that will pressure cash flow and debt service coverage, and modest projected headroom on a financial covenant that may require an extraordinary release of net assets to remain compliant in the near term.
The Ba1 rating captures Vermont Law School's adequate liquidity coverage of demand debt and financial resource cushion for debt and operations, as well as management's demonstrated ability to manage through the past few years' weakened law school demand while maintaining stable cash flow. The rating also incorporates the school's small size and niche position as a standalone law school, modest financial resources, and high dependence on student charges.
The negative outlook reflects the potential for future erosion of the school's market position leading to weaker operating performance and erosion of financial covenant headroom that could jeopardize orderly access to the market or raise concerns about debt acceleration.” [Emphasis mine]
Did that info penetrate your tiny gray matter, Lemmings, shills, and law school pigs?!?! Moody’s sees this toilet as a bad bet. They specifically mentioned the status of the free-standing law school, as well as its limited cash flow.
If you were unable to comprehend the analysis above, then check out the following synopsis, under the category labeled Challenges:
“*VLS's very small operating size ($28.2 million in revenue for FY 2013), combined with a high dependence on tuition revenue, makes the school vulnerable to even a small decline in enrollment. Operating revenue declined 4% in FY 2013 and is projected to decline further in FY 2014.
*Provisions of the Letter of Credit and Master Trust Indenture introduce potential acceleration risk. Downgrade to below investment grade permits the letter of credit bank to accelerate $3.4 million in demand bonds. While we do not anticipate a financial covenant breach in the near-term, two consecutive years of below 1.0 times debt service coverage is considered an event of default.
*Net tuition per student has stagnated or declined for four years, and is projected to decline further in FY 2014 and FY 2015.” [Emphasis mine]
In sum, get used to the idea of “early retirement,” cockroaches. You vile bastards have been claiming for years that you are business enterprises. For $ome rea$on, the academic thieves “forgot” to mention that they were being propped up by the federally-backed, student loan $y$tem. Now, that potential applicants have caught onto the scam - thanks to the concerted efforts of many people - the money is getting tight for the law school swine.
Ranking: According to US “News” & World Report, VermonTTT Law $chool is rated as the 129th greatest, most stupendous and amazing law school in the land. In fact, it “only” shares this distinction with five other ABA-accredited cesspools. What a prestigious in$TTTiTTTuTTTion of “higher education,” huh?!?!
Conclusion: VermonTTT Law Sewer is in financial trouble. If you attend this trash pit, then you will likely end up using your law degree as toilet paper. That is about all it will be worth shortly. When employers hear the name of your school, they will recognize that this filthy commode has had staff cuts, faculty buyouts, and has had its revenue bond rating flushed two levels by Moody’s Investor Service. Good luck finding decent employment coming out of this pile of rancid excrement. The garbage heap already had a reputation lower than whale excrement. By the way, no one gives a damn if VL$ supposedly has the “best environmenTTTal law program” in the country. That is a mere marketing ploy to lure in naïve fools.
Posted by Nando at 5:25 AM
Thursday, April 17, 2014
Foul Stench: Nova Southeastern University Shepard Broad Law Center Offers Buyouts to Tenured Crooks!
Excellent News!: On April 14, 2014, Staci Zaretski posted an ATL entry labeled “Yet Another Law School Is Offering Buyouts To Its Tenured Professors.” Check out this epic opening:
“Today has been quite the roller coaster. Layoffs here, layoffs there, rescinded offers everywhere. It certainly looks like the legal profession has a case of the Mondays.
To cap off this day of negative news, we’ve got word of yet another law school that’s offering buyouts to its tenured faculty. Yes, tenured faculty, oh my.
Which law school put this offer on the table, and how many professors are expected to take it?
Nova Southeastern Law, whose rank is not published because U.S. News is far too kind, sent letters to all of its full-time faculty members back in March to announce the buyouts. The school hopes to cap acceptances of the offered buyouts at 20 percent of its tenured faculty.
The school has unique eligibility standards for the buyouts, according to the Daily Business Review:
To become eligible, professors must achieve a “point” rating of 60, which combines age and years of service. For example, [Bruce] Rogow is 74 and has taught at Nova for 40 years, so his score is 114.
The faculty has until May 25 to decide whether to take the buyouts….” [Emphasis mine]
I am smiling from ear to ear as I type this sentence. Yet another ABA-accredited pile of garbage is in financial trouble. If you feel any sympathy for these bitches and hags, then you are beyond pathetic. Just think of all the lives that these cockroaches have RUINED over the course of several decades.
Now, read Zaretski’s brilliant closing:
“Also on the bright side, the Nova Southeastern law profs who decide to take the school’s retirement offer don’t even have to travel down to the state that doubles as America’s nursing home. They’re already there.”
Pig Bruce Rogow can eat dinner at 4:30 pm each night, in his own home. I don’t imagine that the swine even has the common decency to thank the taxpayers for supporting his sorry ass for the last 40 years.
Other Coverage: The Daily Business Review published reporter Julie Kay’s piece, “Nova's Law School Offering Professors Voluntary Buyouts,” on April 14, 2014. Take a look at the following excerpt:
“After 40 years as a law professor at Nova Southeastern University, Bruce Rogow—who has taught at the school since it first opened—delivered his final lecture last week.
Rogow is one of dozens of tenured law professors to be offered buyouts by the school; Nova is also offering “voluntary separation packages” to professors at its Fischler School of Education and its Huizenga Business School.
The buyouts are an effort by the Davie-based school to save money; bring new, younger faculty into the mix; and, in the case of the law school, respond to a changing marketplace that has seen enrollment drop nationally. It is the first time Nova has offered buyouts to its faculty, said Robert Pietrykowski, vice president of human resources at Nova.
“It is not a stated objective or underlying objective to dilute the tenure track,” Pietrykowski said. “We are trying to reposition each of the schools to meet the challenges and opportunities of what’s a constantly evolving, higher education marketplace.”
Nova’s NSU Shepard Broad Law Center is not the only law school to offer buyouts to professors. Several law schools around the country, including Albany Law School, Vermont Law School and University at Buffalo Law School, have offered faculty members buyouts to shore up finances as enrollment continues to drop.” [Emphasis mine]
Does anyone else get physically sick when reading academic drivel/corporatese? For instance, what in the hell is a “voluntary separation package”?!?! In the end, the sewer rats are trying to force out the old farts so that they can replace them with younger, lower-paid “professors.”
Ranking: As you can see, Nova $ouTTTThea$TTTTern Univer$iTTTTy $hepard Broad Law CenTTTTer is rated as a fourth tier trash can - by US “News” & World Report. Of course, this doesn’t prevent the vile whores from charging $35,956 in full-time tuition and fees. What a tremendous accomplishment, huh?!?!
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the Nova $ouTTTThea$TTTTern JD Class of 2013 who incurred debt for law school - as $133,643. Furthermore, 84 percent of this commode’s 2013 class took on such putrid debt. Remember that this figure does not include undergraduate debt – and it also does not take accrued interest into account, while the student is enrolled.
Conclusion: It is CLEAR that the law school pigs are desperate. Then again, the pieces of excrement have milked the taxpayers dry for decades. In the process, they have FINANCIALLY RAPED an entire generation of motivated, young people. The academic thieves must be very proud of themselves. We know that these sociopaths don’t lose a wink of sleep at night, thinking of their victims. After all, in their warped minds, they are doing their students a public service. At least, these fat heifers are going to their final destination.
Posted by Nando at 4:59 AM
Saturday, April 12, 2014
The Lawyer Job Market Still Reeks: On April 9, 2014, Matt Leichter published an epic blog post entitled “Class of 2013 Employment Report.” From the author’s opening:
“The ABA has released its employment data for the class of 2013, which is defined as everyone who graduated between September 1, 2012, and August 1, 2013. Employment data are outcomes as of February 15, 2014, irrespective of interim job changes…For those who are truly curious, the ABA has even broken down the employment data for each of Cooley’s branch campuses. There are a few other traps for the unwary, e.g. schools that haven’t received even provisional ABA accreditation, like Lincoln Memorial. Even Peking China made the list. None of these schools have any useful data.
Generally, graduates fared little better this year than last year. 57 percent were employed full-time/long-term in bar-passage required jobs. This is up 0.8 percentage points from February 2013.
On the other hand, the graduate unemployment rate grew while the non-response rate declined.” [Emphasis mine]
Later on, Leichter provides a chart of each ABA-accredited diploma mill - by their placement rates for grads in full-time, long-term positions that require bar passage, minus law school or university-funded positions. Take a look at the following trash pits, by Class of 2013 employment ranking - with the percentage attached:
“81. Ohio State University, 60.4 percent
101. Crooklyn Law School, 57.3 percent;
114. Carbozo Sewer of Law, 54.3 percent;
139. George Mason University, 49.4 percent; and
174. American University, 38.3 percent.” [Emphasis mine]
Keep in mind that, until recently, American University Washington Commode of Law was perennially rated in the top 50 law schools by US “News” & World Report. Yes, what a prestigious institution of “higher learning,” huh?!?!
The ABA Questionnaire, by Commode: By clicking on this link, you have the option to view the individual law school summary reports - or you can have the cumulative data in an Excel spreadsheet. By the way, read this disclaimer by the ABA pigs, on this page:
“The data reported here are submitted by law schools to the ABA. The ABA assumes no responsibility for inaccuracies or for changes in such information that may occur after publication.”
What do you expect from these swine?! They don’t even hold the member sewers accountable when they CLEARLY and KNOWINGLY publish false data. Why the hell would they take responsibility for “inaccuracies” or “errors” that may have been reported to them by the toilets?
Other Commentary: On April 9, 2014, JDU denizen “ichininosan” started an thread labeled “Class of 2013 Employment Data.” Check out this comment from accountholder “heythere” - from April 10, 2014 at 11:54 pm:
“Highest Number of School-Funded Jobs (class of 2013): (as a percentage of grads)
1. George Washington (88)/603 14.6%
2. Georgetown (73)/645 11.3%
3. Virginia (58)/364 15.9%
4. William & Mary (43)/217 19.8%
5. NYU (42)/537 7.8%
6. American (37)/507 7.3%
7. UCLA (31)/332 9.3%
8. Columbia (29)/437 6.6%
9. Berkeley (25)/301 8.3%
10. Illinois (20)/231 8.7%” [Emphasis mine]
Hell, beauty schools don’t need to resort to hiring such high percentages of their own graduates! You will notice that five of the “top 14” law schools are on this ignoble list, i.e. Georgetown, UVA, NYU, Columbia, and Cal-Berkeley. Plus, UCLA is currently ranked as the 16th greatest, most amazing and wonderful law school in the nation by USN&WR.
As “fmllawyer,” another decent poster on that site wrote, on April 9th at 12:58 pm:
“GW, Georgetown, UVA, NYU, UCLA, BERKLEY?!
Who in their right mind is taking out loans for law school?! These are not the WNEs of the law school world. At one point, these schools are regarded as close to a sure bet.” [Emphasis mine]
Then again, maybe the “idiots” should have known better than to believe - and rely on - the employment figures and anecdotes crafted by the devils at these august in$tition$ of “higher education,” right?!?! Apparently, it’s the rape victims’ fault for not doing their due diligence.
Conclusion: If you are still considering a “legal education,” then you truly are a lost cause. Could you imagine - for one damn second - if AMA/AAMC accredited medical schools featured such pathetic employment placement rates?!?! Students and graduates would grab scalpels, and head to the dean’s office with bad intentions. After all, no one in their right mind would piss away several years of their life - and incur outrageous sums of NON-DISCHARGEABLE debt - for a 57% or 38.3% chance of working in their professional field. In a just world, the ABA pigs would be hung up on meat hooks.
Posted by Nando at 5:44 AM
Sunday, April 6, 2014
Smells of Second Tier Desperation: Brooklyn Law School Pigs Announce Plan to Reduce Tuition by 15 Percent!
The Announcement: The 83rd “best” law school in the country - according to Vagina Bob Morse of US “News” & World Report - published a press release labeled “Brooklyn Law School Announces 15% Tuition Cut, Initiatives to Address Law School Accessibility and Affordability” on March 2, 2014. Try to read the following excerpt, without laughing your ass off:
“Brooklyn Law School’s (BLS) Board of Trustees today announced a 15 percent across-the-board tuition reduction, beginning in the 2015-2016 academic year. The cost reduction program further enhances an evolving package of student-centric initiatives designed to address the national challenges of law school accessibility, affordability, and quality.
Today’s announcement follows last year’s decision by BLS to freeze 2014 tuitions at 2013 levels. It marks an aggressive effort to address law school affordability and signals a significant step toward greater accessibility and diversity in legal education, according to Nicholas W. Allard, Joseph Crea Dean and Professor of Law.” [Emphasis mine]
Of course, the cockroaches seek to spin this as a benevolent move from a financially-sound in$TTiTTion of “higher learning.” Yes, because law schools truly care about their victims, right?!?! By the way, the term “student-centric” is fabricated nonsense. Anyone who buys this garbage should be immediately declared too dumb to enter into a contract.
Other Coverage: On April 3, 2014, CBS New York, i.e. WCBS 880, ran a segment from Alex Silverman labeled “Brooklyn Law School Plans to Cut Tuition by 15 Percent.” Look at this opening:
“The cost of an education seems like it’s rising by the minute, but one law school in New York City is lowering tuition.
Brooklyn Law School plans to cut tuition by 15 percent to $45,850 a year, starting next fall. It currently is nearly $54,000.
Brooklyn Law School Dean Nicholas Allard said prospective students are terrified of taking on enormous debt.
“There’s too few people in America who can either afford to go to law school or who can afford a lawyer,” Allard told 1010 WINS. “The skyrocketing tuitions at law schools are what’s keeping many people who are well-qualified from entering law school and they’re also contributing directly to the high cost of legal services for newly-minted lawyers.”
The private institution’s applications have declined since before the recession. He didn’t provide numbers. The school currently has about 1,200 students.” [Emphasis mine]
Then again, Cockroach Joshua Ray Adams - from the Crooklyn Law Class of 2013 - is fine with owing $300K in total student debt, while also admitting that he makes less than $30K per year. How do you like this announcement from your ABA-accredited cesspool, Bitch?!?!
The New York Times featured James B. Stewart’s piece, “A Bold Bid to Combat a Crisis in Legal Education” - on March 4, 2014. Read this portion:
“Brooklyn Law School is hardly alone in facing a crisis in legal education. Five law schools have closed in the last two years, more than at any other time in American history.
But this week, it announced that it was taking some unusually bold steps to confront the crisis: The school is cutting tuition and abandoning what has become a widespread obsession with climbing the ladder of national law school rankings.
The combination of slumping demand for lawyers and ever-rising tuition has cast a pall on law school applications, which fell to 54,000 last year, from 100,000 in 2004. A generation of new lawyers is struggling under a crushing debt burden. “Every law school dean is talking about this, and every bar association is talking about this issue,” the dean of Brooklyn Law School, Nicholas Allard, told me this week.” [Emphasis mine]
Remember when mainstream news publications were not using terms as “crushing debt burden” when describing “legal education”? It is great to see that we have been so effective in kicking the swine’s asses, armed with the truth.
Average Law Student Indebtedness: USN&WR lists the average law student indebtedness - for those members of the Crooklyn Law Class of 2013 who incurred debt for law school - as $109,914. Furthermore, 76 percent of this commode’s 2013 class took on such putrid debt. Remember that this figure does not include undergraduate debt – and it also does not take accrued interest into account, while the student is enrolled.
Conclusion: This tuition reduction is a mere marketing ploy, designed to foster some positive attention from the media and potential applicants. If the rats running this horrendous sewage pit really cared about the students, then they would slash tuition to around $15K per year. However, that would require actual sacrifice on the part of these “educators.”
Again, this cut does not go into effect until the 2015-2016 school year. Plus, the filthy commode will still be charging those poor bastards/students a sum of $45,850 in annual tuition. Yes, how gracious of them, huh?!?! Instead of shoving a Louisville Slugger up your anus, Brooklyn Law Sewer will only cram a New York City phone book up your ass. The result is essentially the same for the recipient.
Posted by Nando at 5:59 AM
Tuesday, April 1, 2014
Tuition: Tennessee residents attending this trash pit on a full-time basis will be charged $16,078 in tuition – for the 2013-2014 school year. The unfortunate souls who moved to Knoxville, from out of state, to attend this dung heap full-time will be ass-raped at the rate of $35,422 in tuition, for the current academic year.
Fees will add another $2,884 to the big-ass tab, for in-state law students. Non-residents will have $3,184 tacked onto their bill. It’s nice to see that public schools are looking out for their students’ best interests, right?!?!
Estimated Cost of Attendance: Based on this same page, the bitches and hags list a total estimate of $39,978 for Tennessee residents – and $57,722 for out of state, full-time law students. Keep in mind that ABA-accredited diploma mills only take nine-month expenses into account.
Seeing that actual law students will require costs over the full calendar year, we will prorate the following items: room & board; transportation; and miscellaneous expenses. Doing so, we reach the more accurate estimated COA for the current year as $44,996 for in-state students – and $63,740 for non-residents! Imagine the type of job you would need to land simply to justify the cost of attending this cesspool.
Ranking: As you can see, US “News” & World Report rates the Univer$iTTy of TTenne$$ee Commode of Law as the 72nd greatest, most fantastic and amazing law school in the whole damn country. Hell, it only shares this “distinct honor” with the following SIX toilets: American University; Chicago-Kent; Lewis & Clark College; LSU; New Mexico; and Tulsa. What a tremendous accomplishment, huh?!?!
Employment Placement Data: According to the sweltering trash pile’s Class of 2012 Summary Report, there were 155 members of this cohort. Only three graduates did not bother to furnish their status to the school. Of that amount, 125 responded that they were employed - in some capacity - within nine months of receiving their law degree. That is a mere 82.2% placement rate, i.e. 125/152.
Furthermore, on page three of this PDF, you will notice that 76 grads reported working in private law firms. Six desperate fools went into sole practices, while another 25 were hired by firms with 2-10 attorneys. In stark contrast, a total of seven JDs found employment in firms of 251-500 lawyers – while one member of this graduating class landed a spot in a firm of more than 500 attorneys. Do you still like your odds, Dumbass?!?!
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the Univer$iTTy of TTenne$$ee JD Class of 2013 who incurred debt for law school - as $72,887. Also, only 74 percent of this commode’s 2013 class took on such putrid debt. Remember that this figure does not include undergraduate debt – and it also does not take accrued interest into account, while the student is enrolled.
Piggish Law Faculty Compensation: Let’s see how well the law school swine are making out – in juxtaposition to the broke, debt-strapped students and graduates– courtesy of the Tennessean. Enter Law under Department, and choose the Knoxville campus. There, you will note that Douglas Blaze made $225,000 in annual salary. In 2007-2008, the cockroach raked in $172,345. Joseph G. Cook, listed as a nine-month faculty member, rolled around in $183,083 in yearly compensation. Dean Hill Rivkin and his bulbous nose “earned” $192,000 as a supposed “Distinguished professor of law.”
Does anybody with a shred of honesty and integrity want to defend this sick $y$tem?!?! Again, the “professors” and banksters have no skin in the game. The debt is federally-backed. Those loans MUST be repaid. The student or graduate cannot hope to have the debt set aside in bankruptcy court. Even gambling addicts have this option. Yet, the academic pigs who perform such a pathetic amount of “work” are richly rewarded for consigning a generation into a lifetime of debt servitude.
Conclusion: Avoid this horrendous stench pit, as if your life depended on it, Lemming. There is NO NEED to incur an additional $85K-$130K in NON-DISCHARGEABLE debt, in order to get a chance at a decent job. By the way, genius: slightly more than one-quarter of the last UT Commode of Law graduating class did not take on another cent in student loans. Good luck competing against those boys and girls for jobs, dolt.
Those kids can simply rely on daddy to make a few phone calls to get them a nice-ass job. Can you say the same, Stupid?! If not, then what the hell are you doing in law school – well after the U.S. lawyer job market has gone down the sewer?!?! Are you the type of person who needs warning labels on the side of paint cans? If you want to piss away some money, pay me $10,000 to kick you in the face. At least then, you won’t ruin your future – and you will spare three years of your life.
Posted by Nando at 4:54 AM