Many people say that a law degree enables the holder to do virtually anything. Am Law Daily explores the logical fallacies behind this statement.
Discover Magazine posted a couple of blog entries about the law school scam as a cognitive bias and why law school tuition isn't more dispersed.
A report by the ABA shows that some law schools hire as many as 15% of new graduates in an effort to boost employment numbers.
A Swarthmore College student-reporter's questioning of whether it is moral to go into banking sparks NYT columnist Nick Kristof to not only assert the affirmative, but to argue (in part) that in fact more well-educated, liberally-mined people should go into "conservative" industries like banking in order to reform it from the inside. In effect, Kristof suggests, socialist-leaning, educationally-empowered students should hunker down, swallow their disdain, and apply their ideals to change finance. Said student responds (in Slate): elite, ostensibly liberal-leaning students don't seem to be particularly discouraged from capitalism or going into banking in this climate, and probably never have been.
The Higher Education (Debt) Bubble - "[H]igh and increasing college costs mean students need to take out more loans, more loans mean more securities lenders can package and sell, more selling means lenders can offer more loans with the capital they raise, which means colleges can continue to raise costs. The result is over $800 billion in outstanding student debt, over 30 percent of it securitized, and the federal government directly or indirectly on the hook for almost all of it. If this sounds familiar, it probably should... [more inside]