Editor’s Note: Lucian Bebchuk is Professor of Law, Economics, and Finance at Harvard Law School. Robert J. Jackson, Jr. is Associate Professor of Law and Milton Handler Fellow at Columbia Law School.
We have not been shy about exposing the massive (and unsustainable) bubble of credit being blown into the economy via Student Loans from the government. We have not been afraid to note the dramatic rise in delinquencies among these loans - and the implications for the government.
Vermont Law School has had a rough time lately. In an ominously titled post "Anatomy of a Law School Collapse," legal blog Constitutional Daily noted Vermont Law recently took the unusual step of downsizing staff.
Law school tuition is projected to jump to historic levels in the next nine years. But one school's tour guide says you still don't need a plan before you go for your law degree.
Experts are predicting a shortage of primary care doctors in the next few decades, just when Boomers will need them the most — with skyrocketing medical debt to blame.
If you're applying for law school, it shouldn't come as a shock to you that you might end up poor after paying for your degree (especially if you want to do something good for the world).