75% Of Law Schools Need to Close?

Somehow I stumbled into the world of jaded law school students - either current or former - and it isn't pretty. At least with accounting you A) don't have this cockfight over who went to the better school B) as much student loan debt and C) a better chance at a job even if it does mean you have to compromise your integrity a tad along the way. Wha?!

Someone employed in accounting (not to rub it in) should verify these numbers and confirm that they're fucked up. Please.

Higher education. Pffft:

If the law schools are producing 45,000 new JDs annually and our nation only needs 19,000 or 16,245 new attorneys to replace the 1/40 that retire, then 57.8% or 63.9% of the law schools need to close, assuming that they all produce the same number of new JDs each year.

So, now we finally have a number to use--60%. As in, "Cut the number of law school seats by 60%." Or, "We need to close 60% of the law schools." However, since our nation already has a huge backlog of unemployed and underemployed-involuntarily-out-of-field attorneys, it would be better to cut the number of law schools by 75%.

The kids in Berkeley have been quiet about getting their fees jacked up since November of 2009 so I guess they figured out how to pay for it. I've dealt with some of them and no offense to UCB but they have some serious work to do for what they're charging these kids. The least they can do is let them out knowing how to properly use the word your.

Close 'em. Open a fucking book and don't "pay" $65,000 a year to be told to open the wrong ones.

The education factory has failed. See also Low Loan Repayment Is Seen at For-Profit Schools via the NYT:

At some for-profit colleges, the repayment rates were startlingly low. For example, 33 of the 86 Corinthian Colleges’ Everest locations had repayment rates of less than 20 percent — and at several, the rates were less than 10 percent.

At the headquarters of the University of Phoenix, the nation’s largest for-profit education company, the repayment rate was 44 percent, compared with 38 percent at DeVry and 27 percent at Kaplan University, a unit of the Washington Post Company.

“I think this data could have a powerful effect on institutions and students,” said Terry Hartle, senior vice president at the American Council on Education. “No reasonable person will want to go to a school where only one in five students can pay back their student loans.”

I'm shocked, you mean the education they sell in between announcements of You are not the father! on daytime TV has a low repayment rate?!

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


elf2006real said...

Well Education costs were hyperinflated from the 70's on -inflation in the 70's about 60%, Education inflation was about 300%. That's the guv for ya.

Kinda remind you of Fannie/Freddie, sub-prime?

The government always hyperinflates the costs and dramatically degrades the quality of every enterprise it touches.

Also since pols tend to demagogue every helping hand, safety net or charity into a "right" and a "entitlement" quickly enough the moochers amongst us form the opinion that they shouldn't pay for it.

The answer is to get the Federal govt (indeed all govt but local) out of the education business.

We might also ask ourselves if we really need to keep paying for other peoples kids.

As a man I might ask bluntly why should I pay for another man's sport?

The other big issue with education is this: the technological revolutions of the last 4 decades have changed every aspect of our lives but one: how we educate our children. Our education system and methods were developed in the 19th century during the industrial age. And degraded in the 20th.

The internet and all it's ever growing marvels allow distance learning. In other words: home schooling. Which if left to the market - would like everything else commoditized - become fantastically cheap. And plentiful, much like your PC and your cell phone (check the history of either automation or telecommunication technologies and prices if you want evidence).

So Home schooling - rather like other forms of child care such as babysitting and day care- are quite within reach. If you need to hire a specialist or a professional in some area - and you will - fine. They're called tutors and they could be online (eliminates the teacher as disciplinarian and baby sitter) or if needed have them make a house call.

Like so many other professions.

Would we bankrupt everyone with property taxes --causing old people to have to leave their homes they spent a lifetime paying off to go live in Florida in some skid row adjoining fleatrap because they can't afford the taxes and are too old to work , a monstrous crime --to pay for Public Libraries? Despite the fact they're obsolete?

The Ed Biz is only still in Biz because it's a govt gravy train of patronage and dollars. That and the Progressive brainwashing machine.

Get rid of Ed Biz. Or run it like a biz. And the parents pay for it.

If this seems too far out for you, consider how long you'd last as an accountant if you tried to run it like the public school system.

Or you can consider the real life output of govt accountants.

Berkeley law grad here. Not practicing, and glad for it.

I don't want to trash the school, but your criticisms are on point.

Law schools are full of smart people who lack direction. Take up needlework, yodeling, whatever...it's cheaper and more interesting.