Law school once meant you were a shoo-in for a high paying job and a worry-free financial situation. But an expose by the New York Times exposes law schools as cash cows with Enron-type accounting standards.
Law school grads are instead raking in debt collection letters and remain unemployed at least where law jobs are concerned. Grads are working jobs that don't require a law degree (waiting tables, stocking shelves), but law schools are still deceivingly reporting a sky high 93% of grads were employed within nine months.
Additionally, schools that barely crack the top 40 report their grads as earning a median salary of $160,000 a highly unlikely figure considering top schools like Harvard and Yale report the same numbers.
The candy-coated statistics coax grads into going to law school, in the hopes of bright futures. But, they end up in debt, as even mediocre law schools can cost as much as $43,000 a year.
As a result, grads and academics are voicing their opinions with law school scam blogs.
For more reading:
