Wednesday, March 2, 2016

Law Schools Increasing Financial Literacy Among Dumber Students, Minorities

Note the comma in the title; minorities aren't always dumb students and dumb students ain't no minority.  Bah-dum, ca-ching.

From the ABA Journal:
The increased cost of attending law school falls most heavily on blacks, Hispanics and those with low LSAT scores, according to results from a 2015 survey of law students.
The debt disparities between groups were most intense in 2015. In 2006 the disparities were only marginal and in 2011 they began to emerge.  [pure coincidence, -ed.]
At first blush, some college sophomore might say hey, wait a minute, that seems directly counter to any sort of goal to bring racial balance and harmony to the Great Battle of Social Justice but thankfully most of those naive fuckers wind up graduating.  Most of them go on to being capitalists whose enlightenment elevates them about rudimentary ideas about things like "exploitation."  The fuck does that even mean?

The capitalist, on the other hand, understands the importance of financial literacy.  And what better way is there for poor, minority, and/or intellectual deficient students to learn the laws of finance and economics than to be saddled with six figures of debt that they try to pay back on meager drone wages?  It's easy being rich.  Trying to make $12/hr stretch to make ends meet with a monthly stipend going to some thumb-up-the-ass student loan servicer?  That's an education.  Once these students come out of that booby-trapped jungle in their mid/late-50s, they'll be ready to take the world by storm.

Law school critics always want legal education to be more hands-on.  Is there anything more hands-on than making someone a de facto indentured servant?  Picture them staying up late at night reading bankruptcy code and case law trying to escape their own Kafkan hell.  It's one thing to study how to do it, and another still to assist some client in a clinic setting where the stakes are only as high as one's emotional investment in giving a shit about others.  But to give them the debt is to throw them in the pool or to let go of the guided bicycle.  Drowning and crashing is histrionic hyperbole.  No, they're going to learn.

Law school: the institution that never stops teaching you how to deal with shit. 

And now for some financial literacy of another kind:  Prices are stable!  Never going to be lower!  Timing law school doesn't work, so act now!


  1. Do you know the difference between education and experience? Education is when you read the fine print; experience is what you get when you don't.

    ~Pete Seeger

  2. Captain Hruska Carswell, Continuance KingMarch 3, 2016 at 7:21 AM

    We can all stipulate that law school is a great education. However, graduating, passing the Bar and then working as an attorney is not a vehicle to a middle class lifestyle. I am at my desktop posting because I have no work today. One of my attorney buddies called me from an In and Out Berger yesterday. He has no work either. He was too ashamed to go home to his wife. Were not lazy or stupid and graduated from RANKED schools.