ConclusionThe unfortunate truth is that St. Johnís is no different from every other Third Tier Toilet (TTT). So long as it can, it will continue to transfer millions of dollars annually from dumb and gullible students into the pockets of law school faculty and administration while providing an education of little to no value. With most students borrowing hundreds of thousands of dollars but unable to earn enough in their lifetimes to justify the cost, you have borrowing for a product that costs more than its actual worth and the real prospect of widespread loan defaults when interest rates readjust upward. Just like a sub-prime mortgage company, this TTT law school will eventually go bust. Unfortunately for many of us, it didnít happen sooner.