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Friday, September 2, 2011

Unconscionabilty of Law Schools

By Bankruptcy Attorney

Every year new law schools are springing up and charging high tuition and fees. Why does the ABA allow this to occur? There is a supply/demand imbalance. There are fore more Attorneys than there are jobs and opportunities. The real reason is that Law Schools are businesses and they feed the ABA $ to keep their accreditation.

Take Charlotte School of Law For example. This is one of the most evident cases of greed. Tuition here is somewhere between $22,000-$30,000.00 a year. The received their accreditation sometime in 2008 or 09. It is a Delaware non-profit corporate organization and is run and owed by a series of investment companies in florida! What does this mean? A lot of people are going to lawschool these days thinking that they will get out and be able to get a good job. Good LUCK. Even biglaw attorneys (larger firms) are being laid off and forced to hang their singles and start anew.

So when you sit there and think about your student loan balance and how you will be paying that off for the rest of your life, think well at least i got a law degree! And that's just invaluable isnt?


Our contribution Attorney represents clients in North Carolina with: bankruptcy court, filing for bankruptcy, chapter 7 bankruptcy, foreclosure defense, chapter 13 bankruptcy representation, and loan modifications.

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