Thursday, July 28, 2016
TTT Smells of Desperation: Tier Tier Commode Vermont Law School Seeks Federal Loan for Debt Relief
Desperate-Ass Measures: On July 24, 2016, VT Digger re-published an article from Valley News reporter Matt Hongoltz-Hetling, under the headline “Vermont Law School Seeking Federal Loan to Ease Debt Costs.” Check out the following excerpt:
“Vermont Law School is hoping to borrow $15 million from the federal government to help restructure its debts and take advantage of lower interest rates.
VLS officials said the school has put the worst of its financial woes behind it, and the proposal would fund a land-lease transaction involving its 15-acre South Royalton campus.
“It means significant operating savings for VLS,” said [Pig] Lorraine Atwood, vice president of finance at the school, which she said currently spends about $1.2 million annually to service about $13.5 million in debt.
The school, which has an annual budget of $28 million, is hosting a public information meeting at 5 p.m. Thursday at Oakes Hall about the plan, which would create a land-lease agreement with a separate entity, VLS Campus Holdings LLC.
The law school would continue to own its land and 22 buildings, which have a combined net book value of $22 million, according to Atwood.
The school is seeking the loan from the USDA’s Rural Development Community Facilities Direct Loan Program, which develops “essential community facilities” in rural areas.” [Emphasis mine]
As you can see, the bitches and hags will do and say anything, in order to keep their turd law school afloat. Honestly, the swine would sell their filthy asses to Satan – in exchange for serious money. Later on, the piece contained this information:
“Atwood said the federal loan program has funds, but she was unsure as to whether the effort would bear fruit.
“We don’t know if we’ll be successful, but we’re doing everything we can to qualify for it,” she said.
Atwood said the law school’s prominent role within the Royalton community makes it a good fit for the program.
The school operates the South Royalton Legal Clinic for low-income residents, a state library, a community day care center, and a fitness center, all of which are open to the community. It also has joint agreements with the town that support joint infrastructure and employs 135 faculty, not counting adjunct professors.” [Emphasis mine]
Yes, who gives a damn about those community facilities that actually serve people in rural areas, right?! These jackals would take money from children with cancer!
Other Coverage: On July 26, 2016, Kathryn Rubino posted an ATL entry labeled “Facing A Decline In Enrollment, Law School Seeks Federal Loan For Some Debt Relief.” Take a look at this beautiful opening:
“What would you do if enrollment at your law school had declined by 33% since 2011?
It certainly isn’t an enviable position to be in, but that is what is facing administrators at Vermont Law School. Though the enrollment rates have leveled off, the decrease in the amount of students paying tuition has left financial issues the school is still dealing with. VLS has a renowned environmental law program and is the only law school in the state of Vermont, but that hasn’t stopped it from hitting on hard times.
One possible solution the school is trying is applying for a $15 million loan from the USDA’s Rural Development Community Facilities Direct Loan Program, which, at a lower interest rate than the $13.5 million in loans they currently have, would mean a reduction in the $1.2 million they pay annually to service the loans.
The USDA program may strike those unfamiliar with the institution as an awkward fit for a law school, but let’s not forget that Vermont Law School holds the distinction of being the American law school that is the furthest from a stop light (27 miles away). Ted Brady, state director of Vermont and New Hampshire for USDA Rural Development, agrees that VLS may just be a good fit for the program, as reported by VT Digger:
“Institutions of higher education are especially vital to rural communities,” Brady said. “Vermont Law School is a great example of an essential community facility that not only provides a vital service to Vermonters, but also anchors the community’s economy and culture.”
Their loan application includes provisions for a land-lease transaction for its 15-acre campus with a separate entity, VLS Campus Holdings LLC. According to Lorraine Atwood, vice president of finance at the school, VLS would continue to own the land and the buildings that make up the law school.” [Emphasis mine]
Of course, the cockroaches would continue to own the land and the buildings. What would you expect from such rent-seeking leeches?!?! “Law professors” and deans have NO INTEGRITY! Hell, they would gladly take money and food from malnourished infants. They wouldn’t miss a wink of sleep either. After all, it is better to use those resources on fat pigs, right?!?!?
Conclusion: You can bet your ass that the 132nd-ranked cesspit known as VermonTTTT Law Sewer will get the funds. The cockroaches will do whatever it takes to survive. They will enroll waterheads, admit a higher percentage of weaker applicant pools, merge, sell to an established college or univer$ity, start two-year JD programs, combined with colleges for 3+3 degrees, etc. Keep in mind that the USDA is run by spineless, ball-less nitwits, many of whom have the initials JD behind their names.
Posted by Nando at 4:34 AM