QuoteAfter reading this article again I started rethinking this. The guy is 250k in debt no law school is that expensive. The guy must have taken out private loans and gone far above what any school recommended.The article states that he attended Thomas Jefferson and since the economy was good when he first started he borrowed a lot of money and nearly bought a home. Fortunately, he backed out of the deal, but then the article states "Instead, Mr. Wallerstein rented a spacious apartment. He also spent a month studying in the South of France and a month in Prague — all on borrowed money. There were cost-of-living loans, and tuition of about $33,000 a year. Later came a $15,000 loan to cover months of studying for the bar."So there you go. This article has a lot of interesting things to say about the obscene costs of law school, deceptive statistics used for ranking, poor job prospects and the decided ignorance of many prospective students, but Mr. Wallerstein was a poor choice of focus. Clearly, he made a lot of mistakes, a lot more mistakes than can be blamed on law schools or the ABA. Sadly, that kind of poor judgment is not going to make anyone sympathetic to the plight of law students in over their heads and is going to muddy the waters for those who might have actually learned something from the article.
After reading this article again I started rethinking this. The guy is 250k in debt no law school is that expensive. The guy must have taken out private loans and gone far above what any school recommended.
I completely agree there are a lot of valid points and law school costs simply cannot be justified. U.S. News idiotic rating system makes schools focus on the wrong things, but at the end of the day the students have to have some type of accountability. All that studying in Praque renting a spacious apartment does not really entitle him to much sympathy. I did not see anything indicating he ever held a job during three years of law school. If he did not work one day while in school and put no effort into finding a job during three years, but found himself in need of a spacious apartment and studying abroad on borrowed money it is hard to sympathize with him. Did he ever pass the bar btw?