Sunday, May 10, 2015
Do the Charleston in Order to Celebrate the Demise of Fourth Tier Charleson School of Law!
Excellent Development!: On May 6, 2015, Diane Knich’s piece “Charleston School of Law may not enroll new students in the fall,” appeared in the Post and Courier. Check out this beautiful opening:
“The Charleston School of Law has been trudging along on life support for months, but could it be about to take its final breath?
While students were taking final exams Tuesday, George Kosko and Robert Carr, the remaining owners of the troubled law school, released a statement that said they might not enroll a new class of students in the fall.
American Bar Association and state rules prohibit the school from simply closing its doors. If the board decides to close the school, it would have to submit a “teach-out” plan that details how students who already are enrolled would finish their education programs.
Some students said they were confused about what the statement meant, and they found it disturbing that owners would release it in the middle of exams.
In their prepared statement, Kosko and Carr said they could not in good faith enroll another class when “like last year, the school is spending more money than is coming in.”
They also said they cannot assure the students that they will be able to use federal student loans for their full three years, and are not sure the school will be able to maintain its license and stay open.” [Emphasis mine]
The fact that the owners of this independent toilet released this news nearly four months before the start of the 2015-2016 school year strongly indicates that they are in serious financial trouble. Hell, if they felt that they had a chance to make this experimenTTTT work, then they would have at least waited a while longer before making this announcement.
By the way, look at this penultimate paragraph:
“Law school owners and InfiLaw representatives have said the school is in a financial crisis due to declining enrollment and the owners taking $25 million in profit out of the school between 2010 and 2013.” [Emphasis mine]
As you can see, the pigs simply took the money and ran. What “honorable” men, huh?!?! Then again, “higher education” in the U.S. is ALL about getting your hands on big piles of federal student loan dollars. The pupils are a mere means to an end.
Other Coverage: The Wall Street Journal Law Blog published a Jacob Gershman article entitled “Charleston School of Law may Suspend Enrollment” – on May 7, 2015. Take a look at the following portion:
“Just over a decade after getting off the ground, Charleston School of Law says last year’s incoming class last may be its last.
The South Carolina school’s two remaining owners said Wednesday that they “cannot in good faith enroll another class” while losing money and lacking confidence that it could maintain its license to operate.
“We are heartbroken with this situation,” Robert Carr and George Kosko said in a joint statement. “This has been a wonderful ride, and we have always done what we thought was in the best interest of the school and the students.”
Their statement suggested that the decision wasn’t final, saying they would provide an update next week. The school’s announcement was reported Wednesday by the Charleston Regional Business Journal.
One of the school’s five original co-founders, Ed Westbrook, stepped down from Charleston’s board in March, according to the paper. Two other co-founders have retired[.]” [Emphasis mine]
Yeah, sure you cockroaches put your students' interests first - and I'm on short list for the Fields Medal. Although, I am sure that you swine enjoyed the ride, at the expense of your students, graduates, and federal taxpayers.
Average Law Student Indebtedness: US “News” lists the average law student indebtedness - for those members of the Charle$TTTTon Sewer of Law Class of 2014 who incurred debt for law school - as $147,031. Fully 85% of this garbage pit’s 2013 cohort took on such toxic debt. Don’t forget that this amount does not even include undergraduate debt – and also does not take accrued interest into account, while the student is enrolled.
Conclusion: In the final analysis, if this ABA-accredited dung heap shuts its doors, it will be cause for celebration. Look at the debt figure above, for JDs from this pile of exrement. Do you think for – one damn second – that CharlesTTTTon SOL graduates are finding jobs that allow them to reasonably pay back their student loans?!?! At least, the owners/pigs made a ton of cash, and that’s what matters, right?!
Posted by Nando at 7:04 AM