Archive for April, 2013

TIME Magazine Article: Just How Bad Off Are Law School Graduates?

I don’t think it is just the scam blogging I think the problem is so obvious that mainstream media has to address it:

TIME Magazine Article (03/11/2013): Just How Bad Off Are Law School Graduates?

The first thing I’ll note is that this piece focuses on recent graduates, when I say recent I refer to those who graduated in the past four years, primarily when the economic collapse occurred until now. This problem has been pervasive for decades and band-aiding it with non-profit centers while students have nearly mortgage-sized debt and no ability to pay or discharge the debt will not cure the law school malady. Here’s an excerpt:

And it gtimeets worse still. There are a surprising number of job postings for lawyers that offer no salary at all, including government law jobs. That raises the question — as one headline put it — “Would You Work as a Federal Prosecutor — For Free?

Being unemployed — or working at minimum wage — is rough in the best of circumstances. But it is especially crippling for students who get out of school with six-figure debts that are not dischargeable in bankruptcy. The average debt load for law school graduates is now over $100,000 — and at some schools, it tops $150,000.

My favorite part is: Prospective law students are already responding to the dismal job market. Applications to law school are expected to hit a 30-year low this year — down as much as 38% from 2010. Some law schools have responded by shrinking their class sizes, and there have been predictions that in the not-too-distant future some lower-ranked law schools might have to close entirely. (emphasis mine)

Keep it up!, with more  schools closings, more professors will lose their jobs or not make tenure and then the law school administrators and those who tortured us a purveyors of the industry in the name of intellectual pursuit will know how it feels on the other side. The message is beyond clear, it is translucent: Do not go to law school, it simply is not worth it (and stop being rude to those who did years ago, we were trying to make better lives for ourselves but apparently it was based on a lie).

Get the word out, don’t let your son, daughter, sister, brother become a victim of joblessness, insurmountable debt. Just tell them “say no” to law school–they’ll thank you in the long run.

College: Is is Worth It? A Recap of Katie Couric Show

A week or so ago, Katie Couric had a show entitled: “College Is it Worth It.” She had a panel discussion with 3 people: The young actress from Fresh Prince of Bel Air, a Columbia professor (black) and one white guy who said college wasn’t worth it.katie

I found this episode interesting on many fronts because–I usually do not watch her show and the people likely to promote education were Black. I find it sad that Blacks remain deluded into thinking that college provides upward mobility in this post 9/11, current global, automated grind we call a world economy. I sympathized with Tatyana? Ali’s view as she graduate from Harvard and people would take her seriously. Worthy that her’s was an exception after having relative success at a young age in the theatrical arts she could actually afford and would know about an IVY league school.

It has always been the history of corporate America that a white male can work his way up the corporate ladder by starting in the mailroom and making connections. If you are a person of color, you are expected to not only be in the mailroom but to stay there. So I was not surprised to hear his viewpoint. The guy actually was a recipient of some fellowship that will pay high school graduates $100,000 to NOT GO to college/university in order to promote innovation. Now that’s an opportunity most of us wish existed when we were making our decisions whether to attend university.

Later, she had Tina Fey and Paul Rudd promoting their movie in which the former plays an admissions counselor in college. Katie Couric asked Tina Fey what advice she would give those considering college. Her response, geez I don’t know, I graduated from UVA, where the price was more reasonable. I was able to live off of $600 a month and take improv class. She said the college experience helps develop you as a young person. Then she looked so befuddled at the current state of affairs and just said I don’t know I guess you guys have to pay back the student loans.

Lastly, the show asked recent undergraduate students to tweet their college debts. Mind you these people haven’t even began to matriculate in graduate or professional level university. I saw three tweets at a glance–they were all female and each one had over $100,000 in student loan debt. Mind you women in America still make only 70% of what their equally qualified and/or educated counterpart makes. This also does not include women of color who, I read months ago in Trans-global report about economic and job progress stated that Black women who earn higher education degrees (university and/or graduate level) still have a harder time gaining employment than black male counterparts. Presumably the latter can find work in construction or labor jobs which do not require college degrees.

College, is it worth it? With all of this information regarding worthless degrees, shrinking economy, interdependent global economy forcing nations to bail out other nations because of a pact while ignoring the tens of thousands of unemployed and underemployed people in their own borders, I think the answer is quite obvious.