Well, Florida Coastal dean Scott DeVito (sounds mafioso-y) is setting the record straight. As someone with fairly impressive testicles, I know a good pair when I see 'em in action, and at the poker table of academic life, Dean DeVito's got the nuts.
Our alumni repay their loans at a higher rate than the “elite” schools. Approximately 1.1% of alumni at Florida Coastal are in default while 2.5% of alumni at the top 20 universities with law schools are in default. Our alumni even outperform alumni at Ivy League schools who default at a 1.2% rate.My record has been set so straight it's making John Wayne look like John Waters.
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Our students repay their loans because our students succeed.
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Sometimes it takes a for-profit entity to right a wrong—in this case the lack of diversity in law schools. The student body in not-for-profit law schools is about 29.7% diverse. According to the U.S. Census bureau, the United States is currently about 37.9% diverse. The student body at Florida Coastal is approximately 44.4% diverse.
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Yes, [our students'] debt load is higher but that is because taxpayers are not paying for our students’ education. In addition, if you want to diversify the profession across race and socio-economic lines, then you will have to admit students who do not have the same resources as students at “elite” law schools.
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If the board comes I think they will be delighted with what they see: a law school that is educating and preparing a diverse group of students for success in a way that is better than traditional not-for-profit law schools.
For those who have a hard time following sound law school reasoning, "not defaulting" is now the same as "repaying," "not defaulting" means an institution's students are succeeding, prior to FC's founding there was a dearth of non-profit schools in the country that expressly sought to boost diversity, for-profit schools are expense because the taxpayers aren't funding anything, and Florida Coastal and its 33.5% LST employment score is a better option than places like Florida State or Florida.
Reading things like this really makes me want to do law school all over again. If you're keeping score at home, that's a beatdown. Mercy rule applies. Go home, and do not try to mount a comeback. You will only hurt yourself.