Saturday, August 10, 2013
Politico: Law Schools Devise Debt-Free Path to Degree:
The pitch could be straight from a late-night infomercial: Get a law degree with no money down and don’t spend a penny of your own paying the loan back.
But that’s the promise that law schools at Georgetown University, New York University, the University of California-Berkeley and other top universities are making to some graduates. If they spend 10 years outside the private sector, the law school will make their loan payments for a decade. Then, starting four years from now, a federal program kicks in to forgive the remaining balance, often more than $100,000.
- New America Foundation, Georgetown Law Is Giving Away a Free Education, and You're Paying for It
- Above the Law, Law Schools Devise Trick to Game Taxpayers
- Fox Business, Free Tuition for Law School?
- Washington Post: How Georgetown Law Gets Uncle Sam to Pay its Students’ Bills
Prior TaxProf Blog coverage:
- The American Lawyer, How Grad PLUS Loans Sustain Zombie Law Schools (Feb. 15, 2013)
- Elizabeth Chambliss (New York Law School), It's Not About Us: Beyond the Job Market Critique of U.S. Law Schools, 26 Geo. J. Legal Ethics ___ (2013)
- Gregory Scott Crespi (SMU), Will the Income-Based Repayment Program Enable Law Schools to Continue to Provide 'Harvard-Style' Legal Education?, 26 Geo. J. Legal Ethics ___ (2013)
- Philip G. Schrag (Georgetown), Failing Law Schools: Brian Tamanaha's Misguided Missile, 26 Geo. J. Legal Ehics ___ (2013)
- Brian Tamanaha (Washington U.), The Problems with Income Based Repayment, and the Charge of Elitism: Responses to Schrag and Chambliss, 26 Geo. J. Legal Ethics ___ (2013)