The Law School Bubble: How Long Will It Last if Law Grads Can’t Pay Bills? | ABA Journal


Article discussing the circumstances of federally subsidized loans for law school, which seem very similar to the mortgage crisis.  Loans are made to law students with little concern for their ultimate ability to repay.  The ability to repay is hurt by the glut of lawyers being turned out by law schools and the insufficient number of jobs available for them.  The bubble will burst when the failure of ability to repay begins to affect the ability to make new loans, causing a crash in revenue for law schools.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: