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).
