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Mid-day Extra: Laws schools sued over job placement numbers
Students study legal texts in the law faculty library at Humboldt University prior to the beginning of the winter semester on October 11, 2011 in Berlin, Germany.
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So we heard a few days ago about the news that Claremont McKenna College in southern California said it inflated admissions scores to encourage better students to apply
Well now, a bunch of law schools are being sued for falsifying employments rates for graduates.
The law schools allegedly misrepresented the percentage of students who get jobs after graduation in order to attract more students.
Here to talk with us in today's Mid-day Extra is Amy Scott from the Marketplace Education desk at WYPR in Baltimore.
She says that while many college students face hardships when it comes to post-graduate job placement, law school grads face much higher debt than a lot of others.
And while it may not be entirely the fault of the school that grads can't find their dream job, similar lawsuits are likely to keep coming.
Now that’s putting your degree to useful work. This is the problem with all for-profit schools; they, and the banks that make the student loans, can afford to be indifferent and engage in fraud to keep the money rolling in. Even universities are less concerned about quality and post-education employment than they are about financial return. They’re in the prestige marketing business, with many courses taught by senior students while the professors are out earning tenure (Leasing the Ivory Tower; the corporate takeover of academia). Does this business model sound familiar? At least one Wall Street trader (short trader Steve Eisman) has identified the student loan industry as the next financial bubble.
