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The U.S. News Rankings Are Horrible. Stop Paying Attention.

March 11th, 2016 / By

Note: A version of this piece was published last year on Law.com, but the U.S. News rankings remain as toxic of an influence as ever. This years version was published on Above the Law.

Next week, the law school world will overreact to slightly-shuffled U.S. News rankings. Proud alumni and worried students will voice concerns. Provosts will threaten jobs. Prospective students will confuse the annual shuffle with genuine reputational change.

Law school administrators will react predictably. They’ll articulate methodological flaws and lament negative externalities, but will nevertheless commit to the rankings game through their statements and actions. Assuring stakeholders bearing pitchforks has become part of the job description. (more…)

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What President Obama’s 2017 Budget Tells Us About Law Schools

February 16th, 2016 / By

Originally published on Bloomberg.

As law school — as well as other graduate and professional programs — become ever-more costly, the viability of the current federal student loan program wanes. The latest evidence comes from President Obama’s 2017 budget proposal, released last week.

But first a little history.
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How Student Loan Refinancing Could Undo Federal Loan Policy

January 26th, 2016 / By

Originally published on Above the Law.

If you’re a law school graduate with a ton of debt, there are a few companies that really want to talk to you — if you went to the right school and have the right job.

The deal works like this. The bank or non-bank lender pays the federal government the balance of your loan and you pay the new lender instead. In exchange, the private lender charges you a much lower interest rate. Rather than a rate north of 7%, you receive a rate as low as 2.5%.
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Harvard for Free?

January 17th, 2016 / By

I rarely vote my ballot for the Harvard Board of Overseers but I may have to do so this year. A group of candidates is running on a two-plank platform: (1) make tuition free for all undergraduates, and (2) disclose information about admissions decisions that would reveal (among other things) the role of race and legacy status in admissions.

Whoa, those are two goals rarely paired. The candidates are similarly diverse. One member of the slate is Ralph Nader, who is known for his far-left views. The other four publicly oppose affirmative action. What should we make of this?

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