![]() ![]() ![]() Eventually, federal taxpayers will be stuck with the tab, even as the schools themselves continue to reap enormous profits.” Campos, “This world is one in which schools accredited by the American Bar Association admit large numbers of severely underqualified students these students in turn take out hundreds of millions of dollars in loans annually, much of which they will never be able to repay. ![]() The three friends featured in “The Rooster Bar, all in their final semester, owe a combined total of $652,000.00, which includes the fees added on by the banks that “serviced” them, and which collect, or try to collect, the loans after the students graduate - or drop out.Īccording to Mr. The school gets the money each semester as long as the student is attending classes, and so the debt rises, as they say, hugely, semester by semester, year after year. But what you may not have known is what Paul Campos revealed and John Grisham brings so vividly to life, is that there are schools that recruit students knowing full well the students themselves aren’t good candidates and their chances of passing a bar examination are subpar.īut they promote them each year because their tuition is guaranteed by the federal government. To be unaware that legal education has become a huge financial burden, and that most students finish with staggering and often crippling amounts of debt, you’d have to have been Rip Van Winkle’s bunkmate for the last several decades. ![]()
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