Yahoo! News is running a series of articles showcasing personal stories of people who were ensnared in the student loan trap. A couple have featured attorneys:
Beware the Student Loan Trap by David J. Koslowski
Money Quote: "Some said I was naive. I look back and realize I was outright stupid."
Borrowing My Way Through Law School and Paying it Back 30 Years Later by William H. Sloan
Money Quote: "The problem was the loan is like a mortgage, and I will be paying on it until 2032, when I will be 61 years old."
*****
"Dear Class of '13: You've been scammed" by Brett Arend's (Market Watch/Wall Street Journal)
Money Quote: "You sit here today, $30.000 or $40,000 in debt, as the latest victims of what may well be the biggest conspiracy in U.S. history. It is a conspiracy so big and powerful that Dan Brown won't even touch it. It's a conspiracy so insidious that you will rarely hear its name. Move over, Illuminati. Stand down, Wall Street. Area 51? Pah. It's nothing. The biggest conspiracy of all? The College-Industrial Complex."
*****
"Law Deans Scramble" by Steven Harper (The AmLaw Daily)
The 5 stages of grief, LawDean style.
Money Quote: "The crisis in legal education continues, with the number of people applying to law school declining along with the job prospects for those who graduate. In the face of these trends, some law school deans are still trying to preserve an unsustainable business model. Offering what they apparently regard as innovative ideas, they're making things worse."
*****
"Law schools are choosing substance over LSATs, admission dean says," by Debra Cassens Weiss (ABA Journal)
LOL!
Money Quote: "I don't [think] focusing on scores is the way to go," [Sarah] Zearfoss [admissions dean at the University of Michigan Law School] responds. "It's not fair to the individual. It's not fair to the institution."
*****
Back with some more soon!
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