Thursday, March 27, 2014
ABA Releases Notice & Comment on Proposed Changes to Law School Accreditation Standards
The ABA Section of Legal Education and Admissions to the Bar has released this 56-page notice and comment on:
- Interpretation 305-3 (Study Outside the Classroom)
- Interpretation 503-3 (Admission Test)
- Standard 505 (Granting of J.D. Degree Credit for Prior Law Study)
- Chapter 8 (Council Authority, Variances, and Amendments)
- Definitions Rules of Procedure
Among the changes, the ABA would allow law schools (1) to waive the LSAT for up to 10% of the entering class (and thus goose their U.S. News ranking); and (2) to give academic credit for paid externships. See Dan Filler (Drexel), ABA Seeks Comments On New LSAT, Externship Accreditation Rules. Comments are due by Friday, April 18, 2014. A hearing on the proposed changes will be held in St. Louis on Friday, April 25, 2014.
https://taxprof.typepad.com/taxprof_blog/2014/03/aba-releases-.html
When Citi bank violated Glass-Steagall, Congress and Clinton effectively repealed Glass-Steagall. Too big to fail was the next chapter.
When Rutgers violates the ABA LSAT requirement, the ABA removes the LSAT requirement. The federal government should respond by ceasing to lend to law students, PERIOD. The federal government has delegated its underwriting standards to schools by allowing schools and accreditation agencies to set admissions criteria. In bad faith, and to try to reflate a bursting bubble, the ABA is eroding admissions criteria, and thereby lending standards. This insanity will not end well.
Step right up, get your interest-only, negatively amortized, adjustable rate mortgage with a balloon payment; no income verification, no down payment required! Everybody wins!
Posted by: familiar | Mar 28, 2014 11:00:19 AM