« on: October 01, 2007, 12:45:35 PM »
But more education and extra skill sets are NEVER a bad idea.Of course it can be a bad idea, you idiot. If the education doesn't improve your earning power, then you shouldn't be paying $35,000 a year for it.
So little value in the Aristotelian concept of the contemplative life, my little homoerotic gadget?
So little inherent respect for the very personal form of self-actualization that is learning for its own sake?
A thing is only worth what is willing to pay for it. If I decide that 35k in education makes me happy, it should most certainly be available.
Sorry you get to only make the value calls for yourself. But free will is kinda like the uglier, lesser known unglamorous step-cousin of free enterprise. Like it or not, it's kinda not going anywhere.
I agree with you that it's a free country and one is free to be fiscally irresponsible. However, Sallie Mae doesn't give a $#@! about "contemplative life" or "self actualization." She wants your $1100 monthly payment.
And while I agree that a great many law schools are overpriced I do not agree that the ABA should be responsible for that. If one seeks to become a prudent professional whose trade is being logical and reasonable then I'd consider the choice of how much you pay for what education to be a better predictor of success than the LSAT. The whole idea that a law school's currency is employment is ridiculous. Not even Kelly servies can guarentee job placement. Law schools deal in credentialing and professional education. That's it. Anything else assigned to it is ridiculous. And so, too, are the people who go into this contract without a clear understanding of what is being sold.
Why are we so upset that people enjoy overpaying? If nothing else it makes more room for people like myself. Why do I care if some insane percentage of grads are too undertrained and overindulged to actually figure out how to hustle for a damn job? Good riddance, thin the herd, natural selection, yadda, yadda, yadda.
A couple of points here:
1. I don't think anyone is seriously suggesting that the ABA should be in charge of setting and maintaining tuition levels at individual schools. I am certainly no such advocate. What I WOULD like to see, however, is the ABA step in and actually perform a function which, in my mind, is what such an organization exists for (or should exist for)...namely, crack down on the notorious TTT practice of taking students' money during their 1L year and then unceremoniously kicking them out the door, WITH PASSING GRADES mind you, after 1L simply because said TTT's are concerned about their bar-passage rates. Not only is that immoral, it is just plain unethical. It damn well ought to be illegal, or at least actionable, if the school fails to inform the hapless student beforehand that this is a common practice.
2. I agree with the notion that a degree is "worth" whatever a prospective student is willing to pay for it, and not a penny less. I also agree with your take that, if a person finds fulfillment in pursuing a $150k degree from a T4 school, he/she should be allowed to do so, and such a degree WOULD be worth that much from that student's standpoint. HOWEVER, as others have stated, that still doesn't necessarily make it a wise FINANCIAL investment on the part of the student, just as it doesn't mean that someone who happens to point out this obviousness is necessarily rejecting the concepts of self-actualization and the contemplative life.
I've been one of wiimote's biggest critics on this board, but the little troll has a point. The more stories I read like the one in the original post, and the more people with whom I speak who are struggling every day with crushing debt while being unable to find even decent legal work, the more convinced I am that the wiimote's and SOB's of the world are onto something, and their points should at least be considered by the uninformed pre-1L.
The fact that many schools are actively taking steps to muddy the waters and game their employment numbers to make the reality look less gloomy is a huge indictment on these schools. It is a shame that the legal process cannot, or will not, correct this...