These 2 Law Schools Show Why Legal Education Is A Disaster - Business Insider: "...Follow the money -- What was the source of Charleston’s now-distributed profits? The answer appears on the school’s website:
“Most students will depend on federal student loans to pay for tuition, books and living expenses while in law school. During the 2012-2013 academic year, 88% of our students borrowed student loans to finance their legal education. At graduation, the average student loan debt incurred for those borrowers while attending the Charleston School of Law was $146,595.”
"Nine months after graduation, 53 percent of the school’s class of 2013 had found full-time long-term jobs requiring a JD. More than half of those were working in firms of 10 or fewer attorneys. So at Charleston, student debtors finance profit distributions to law school owners who have no accountability for poor graduate outcomes. When the school later hits the financial skids, only InfiLaw, another for-profit organization, can rescue it. Wealth redistribution takes many forms, but none produces results more perverse than the current system for financing — and profiting from — legal education."
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