Sens. Boxer, Coburn Demand Dep't of Education Investigation of Law Schools

This should produce some interesting data.  Rutgers Law school cost me $500 for my first year (1970-1971).  I got a full scholarship the second year.  The third year tuition went up but I kept the $500 scholarship.  Law School cost me 1,000.  I had the cash on hand when I started in 1970.  Today law school tuition loans are your first (non-dischargable) mortgage.  And the only collateral is a law degree.   Thanks to recent reforms public service work can  gain you loan forgiveness.  But what about those who don't become P.D.'s or A.D.A.'s and don't get the plum Wall Street jobs.  Will they end up in sleeping bags at Zuccotti Park? - GWC

TaxProf Blog: Sens. Boxer, Coburn Demand Dep't of Education Investigation of Law Schools: " Senator Barbara Boxer (D-Ca) and Senator Tom Coburn (R-OK) yesterday "asked the Department of Education’s Inspector General to provide information about key law school job placement, bar passage and loan debt metrics in light of serious concerns that have been raised about the accuracy and transparency of information being provided to prospective law school students." From the letter:
To help better inform Congress as it prepares to reform the Higher Education Act, we write to request an examination of American law schools that focuses on the confluence of growing enrollments, steadily increasing tuition rates and allegedly sluggish job placement. "

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