Unfortunately this is for real…. currently law students graduate with 100K debt, and can’t find jobs. Even TOP TIER law schools. It is a type of PONZI scheme. Have a friend who clerked at the supreme court after graduation, and is now working in a restaurant! Law students are SUING their schools for misrepresentation of the job market for lawyers…. And I’m afraid medical schools are in the same racket. The math: each student admitted generates ~ $ 100,000 each to the school, from tuition, grants, and loans, etc. WHETHER THEY GRADUATE OR NOT. If you are the school, the pressure to take on another 100 students will bring in $10 MILLION dollars over 3-4 years, whether you teach them anything or not…..
Unfortunately this is for real…. currently law students graduate with 100K debt, and can’t find jobs. Even TOP TIER law schools. It is a type of PONZI scheme. Have a friend who clerked at the supreme court after graduation, and is now working in a restaurant! Law students are SUING their schools for misrepresentation of the job market for lawyers…. And I’m afraid medical schools are in the same racket. The math: each student admitted generates ~ $ 100,000 each to the school, from tuition, grants, and loans, etc. WHETHER THEY GRADUATE OR NOT. If you are the school, the pressure to take on another 100 students will bring in $10 MILLION dollars over 3-4 years, whether you teach them anything or not…..