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I went to a for-profit law school and it is not a "scam" as the article suggests. The law school described itself as the school of last resort for those wantin
by joshuaheard 12y ago
I went to a for-profit law school and it is not a "scam" as the article suggests. The law school described itself as the school of last resort for those wanting to go to law school but not able to get into more exclusive schools. They would take almost anyone into the program, but the grading was rigorous: 1/3 flunked out the first year, 1/3 flunked out over the course of the program, so only 1/3 of entering students graduated. At least they were given the opportunity to try.
The problem identified in the article is not the for-profit schools. It is rational for private enterprise to respond to government incentives. The problem is the excessive government incentives. There are too many lawyers, so the government should not be subsidizing legal educations. That is the solution.
By the way, my for-profit law school has a four-year part-time night program so I worked as a paralegal to pay for my tuition. I only took out a small loan to take time off to study for and take the bar exam, which I passed on the first try.
- coldcode 12y agoWhat idiotic politician(s) thought that unlimited guaranteed law study loans was a good idea? I guess if you own such a for profit law school it is a good idea. But it's dreadful governance. I'm not against helping people get a decent education but infinity is not a reasonable limit.
- dandare 12y agoYep, the author of the article is apparently pushing some socialist agenda. Socializing losses is in no way part of Capitalism and actually could not happen without state setting distorted incentives.