<p><a href=“1”>quote</a> You can’t blame the federal government for what colleges are doing.
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<p>Sure I can. Did you miss the 60 Minutes segment on the massive growth of for-profit educators, all of whom live off of the federal dime. Do we REALLY need the University of Phoenix to add a law school? Does it help US society?</p>
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<p>Yup that is true and probably beneficial to them in the long run. What good is giving them a a loan for $200k when the job that they can find pays $60k. (see the bimodal distribution of legal salaries) </p>
<p>OTOH, if Harvard, Stanford and Yale really do want diversity, including economic diversity, they’ll take the cash out of their endowments so such low income students can attend.</p>
<p><a href=“2”>quote</a> You want to discharge loans through bankruptcy? Let’s see… The US is… 14 trillion dollars in debt and climbing?
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<p>Let the law schools assume the debt, or private lenders. Get the US government completely out of it. </p>
<p>Voila, no need to "regulate’ law schools bcos many will just go out of business on their own.</p>