Comments on UVA Law Blog: NYTimes Letter: "The J.D. Myth"

I could be wrong - but I seem to remember a UVA la...

2010-02-17T00:41:43.548-05:00

I could be wrong - but I seem to remember a UVA law budget of ~70M. Even if everyone paid tuition, it wouldn't make money with an endowment or alumni.

10:18 - Nice use of Dickensian W/R/T 'cynical...

2010-02-16T18:42:35.556-05:00

10:18 - Nice use of Dickensian

W/R/T 'cynical idealist' - this whine is incoherent and unpersuasive. A more interesting excerpt written by Columbia prof:

on big pic:

The next bubble to burst will be the education bubble. Make no mistake about it, education is big business and, like other big businesses, it is in big trouble. What people outside the education bubble don’t realize and people inside won’t admit is that many colleges and universities are in the same position that major banks and financial institutions are: their assets (endowments down 30-40 percent this year) are plummeting, their liabilities (debts) are growing, most of their costs are fixed and rising, and their income (return on investments, support from government and private donations, etc.) is falling.

on irrational behavior:

During times of financial stress, people become vulnerable and understandably seek to improve their situation in any way they can. For many, more education seems to be the solution. ...

When the economy goes down, applications to graduate programs go up.And now the economy makes matters worse. Only 19 percent of the class of 2009 had jobs at graduation. Furthermore, many recent graduates who are young professionals and had been working for a few years have been fired. They find themselves surfing the web looking for jobs, all while worrying about health benefits and repaying their student loans.

I hear Kegler's had to cancel on Libelowski du...

2010-02-16T16:14:05.389-05:00

I hear Kegler's had to cancel on Libelowski due to structural problems at the building. Libel show is scrambling for a replacement venue (looks like no bowling this year).

8:28- Give it a rest, pal. Your 1-credit class isn...

2010-02-16T14:24:00.137-05:00

8:28- Give it a rest, pal. Your 1-credit class isn't going to magically improve your job prospects.

6:55 - I totally agree. Work harder to get a bette...

2010-02-15T23:14:22.032-05:00

6:55 - I totally agree. Work harder to get a better LSAT score and get a scholarship to a lower-ranked school and if you can't do this then perhaps you should help the impoverished in a non-legal capacity.

J-Term grades are due in to SRO on Mar 1. Then wil...

2010-02-15T22:32:23.303-05:00

J-Term grades are due in to SRO on Mar 1. Then will take a few days for the U to upload to SIS.

As long as the writer practices "poverty law&...

2010-02-15T22:18:03.023-05:00

As long as the writer practices "poverty law" for 10 years, he/she is eligible for total loan forgiveness under IBR, right?

The situation's not quite so Dickensian.

8:28 I still am missing grades from last semester...

2010-02-15T20:47:50.883-05:00

8:28

I still am missing grades from last semester.

I didn't know getting an MA in engineering was...

2010-02-15T20:38:50.379-05:00

I didn't know getting an MA in engineering was even possible.

When do J-term grades come out?

2010-02-15T20:28:00.565-05:00

When do J-term grades come out?

I will never understand the logic of thinking you ...

2010-02-15T18:55:58.423-05:00

I will never understand the logic of thinking you need to assume 200k in debt to do poverty law. There are plenty of ways to be involved in the same issues that you would be without getting a JD. Go for the better money and be pissed when it doesn't work out, but don't cry about suddenly finding out the public service jobs don't pay well. You could have found out everything you needed to know before you went.

TL, DR

2010-02-15T18:53:44.670-05:00

TL, DR