fan_from_texas;808541 wrote:Pulling this up from the grave--saw an article today that was of some relevance:
That's hilarious, although I would question whether Georgetown is still a prestigious school. IMO UCLA, Texas and Vanderbilt should all be ahead of that diploma factory in the US News rankings, but that's splitting hairs.
The issue is the debt coming out - it has gone beyond outrageous, even at Harvard/Yale/Stanford. Where is the value in the education other than the diploma and the contacts you make in school? There is nothing taught in law school that allows you to practice from day one, unless one wants to test their malpractice insurance carrier. Having gone to a public school the salaries of the professors/staff are publicly available, and they are outrageous. Administrative assistants are pulling in $80,000+ as well as a taxpayer funded pension (pension, what's that in the real world?) and some of the older professors/deans are making $300,000+. There's no market check for this - no reason to pay them that much. What are they going to do, go work for Hunton & Williams? No, because they don't have private practice skills. As the economy simmers in misery it appears that these schools are doubling down on their greed.
I feel that same graph could be made for college period.
The one time you actually quote something correctly, it's a giant ass picture. SMH.