Vermont Law School officials say a $17 million loan [at 2.4% interest! suck it, GradPlus borrowers!] from the federal government is helping the school to restructure debt and invest in a fundamentally different education model in which year-round and online courses offer more flexibility for students.Christ no - who the hell would? That no one wants to live there shouldn't stop the location from having a thriving law school that pilfers money from all over the place and benefit small-town America by bankrolling a faculty of 135.
“Our students may be on a Coast Guard ship. Or running a bank in Ohio,” [President and Dean Mark] Mihaly said. “They’re doing all sorts of things. They’re not going to quit their jobs and move their families to Vermont.”
“[The USDA was] attracted because we’re an economic engine [eight cylinders, right? - ed.], and a part of rural America that needs investment,” Mihaly said. “Also, they were attracted because there was a crisis in law schools. There was a rapid decline. We had been through that and more than stabilized.”Indeed, there was a crisis. If you'll recall, it lasted until about the time we stopped denying its existence. Then it was poof, a clap of the hands, finished, past tense. All stable now. (Does "more than stabilized" mean a rollover?)
For the fall of 2016, Vermont Law School enrolled a class of 139 with an LSAT 25-75 spread of 145-156 and a 25-75 GPA spread of 2.77-3.5. Its most recent bar passage rate was 60.2%. Starting cost in the fall for sticker is $261,691 per LST.
Sure, it may seem peculiar, ludicrous, offensive, ridiculous, outrageous, dimwitted, cockamamied, and all sorts of other words that our federal government is lending a piece of dogshit, negative externality, crony capitalist exploitation mill in the forested, folksy corner of the U.S. $17 million to help maintain the economy of a sleepy metro area of 2,700 by sustaining wealth-shifting to a bloated faculty of brave souls willing - gasp - to live there a good part of the year and maintain an institution that should not exist in the first place.
Well step off the ledge, Skippy! Have some faith! Your federal government knows how to manage a loan portfolio.
After all, look how many Vermont Law School students they've funded already, and every dime paid back with interest. Those coins from heaven are coated in maple syrup - and don't worry, they float to the Earth like feathers. This is fluffland, and not even the metaphorical bodies of dead legal careers tossed out of the Million Dollar Jetxpress follow that queer 9.8 m/s^2 acceleration bullshit.