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Bench Memos

NRO’s home for judicial news and analysis.

“What Federal Loans Do for Law Students and Law Schools”



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That’s the title of another excellent post by law professor Brian Tamanaha at the National Law Journal’s new Law School Review forum/blog. Tamanaha sketches how law schools “are engorging themselves on the federal loan program,” with law students and federal taxpayers bearing the long-term costs. An excerpt:

We are talking about real money here—and nearly all of it goes directly from federal coffers to law school bank accounts. The students are conduits for the money. These student-conduits bear the burden of the loans in the first instance, and the federal government thereafter. The average debt of graduates at all of these schools was well above $100,000. Not all of this debt will be fully paid in the end. Law schools get their money up front.



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