Can anyone say it better than Judge Judy? More shenanigans by law schools desperate to inflate job statistics. The George Washington School of Law is hiring graduates to work in temporary positions for up to 48 weeks. Well, at least that'll help indebted law grads ride out the legal job market "slump" (which has been occurring for years). Except that these lucky lawyers will be earning just $15 per hour (up to 35 hours per week). A little quick math for you - that's $25,200, pre-tax, for the maximum 48-week period. A graduate with $100K in student loans with a repayment period of 25 years and a 5% interest rate will be required to pay $584.59 per month. On a $25,000 salary, that's 28% of gross pay. Which is totally doable. Most people can swing student loan payments that are the equivalent of their housing costs, right? And I'm sure that by the end of the 48 weeks, most of these grads will be gainfully employed.In other legal news, Northwestern has decided to cut its incoming class by 10% (while still raising tuition). This is due in part to the declining number of law school applications (slow clap for the early scam bloggers).
One suggestion I haven't heard any law school put on the table? Cutting tuition. Come on, law schools, don't be so selfish. The legal profession is about providing access to justice; it's not about money, remember?
Cut tuition? Obviously, you did not pay attention in contracts, commercial transactions, etc. See, you're paying high high tuition because of these schools have given you a warranty of merchantability -- the unwritten and unspoken guarantee to the student (buyer) that goods/services/diplomas purchased conform to ordinary standards of law schools and that they are of the same average grade, quality, and value as similar goods sold under similar circumstances. And if they lowered the tuition, well, you'd be getting a lesser product. And we can't have that. Asking law schools to cut tuition is like, well, the NFL cutting prices for tickets, $10 beers in cups, personal seat licenses, CBS-FOX-ESPN Broadcasting rights prices... and that would just upset the owners.
ReplyDeleteOh, that's right! Clearly, I've been out of the legal profession for too long. That's why New York Law School can charge the same amount of tuition that Harvard can. I mean, graduates at either of these institutions are basically interchangeable, and can expect the same sorts of career opportunities and compensation. And by cutting 20 students from its roster, Northwestern is making a huge cut in the oversupply of lawyers out there. (Now, if only every law school in the U.S. inverted the numbers, and only permitted 20 students to enroll in the fall, that might be a good start.)
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