Law Students Having Trouble Getting Bar Loans
February 23, 2009
Bad news for law students. I wonder how this will affect bar passage rates? Law schools, obsessed with U.S. News rankings, cannot afford to have students failing the bar because those students can't afford to study properly for the bar.
Hopefully more wanna-be law students will be denied law school loans. Law school is, for the majority of students, a bad life decision - maybe the worst life decision most 23-and-24-year olds will ever make. Maybe the credit crisis will end the expensive three-year break from real life that law school is. Go find yourself in the Peace Corp, or the Army, or on Wall Street, or anywhere else that doesn't make you pay six figures to "figure things out."
Even poor students who really want to go will find a way. I went to a lesser-ranked law school for scholarship money. (I still have plenty of loans, but they're not six figure's worth.) Luckily, I had no undergrad loans, because my college was paid by the National Guard (well, you suckers/taxpayers reading this, actually; thanks for the socialism!), and I also got GI Bill money and worked 20+ hours a week waiting tables.
Life involves sacrifices. I made (and am still making) mine to get what I want out of life. Why shouldn't others do the same? Oh, that's right: By virture of being born in a first-world country you deserve everything people give you.