Friday, October 15, 2010

Loan Fraud by any other name

I came across a great quote while reading an op-ed at AOL News (which was originally posted by Hardknocks at the But I Did Everything Right Blog). It was a quote from Brian Leiter, a law school prof and critic of the U.S. News rankings:

This [employment]data is entirely self-reported by schools, and should be treated as essentially fiction: it may have elements of truth, but basically it's a work of the imagination. Schools report it, and U.S. News has no way of checking. In addition, we know nothing about the nature of the employment-it could simply be as a research assistant, which is what Northwestern did a few years ago for its unemployed grads.

Since LSAT test takers rely on this kind of data to decide where to attend law school or whether to attend at all, could negligently inaccurate or outright fraudulent data be a form of indirect student loan fraud perpetuated by the law schools (and implicitly sanctioned by the ABA) against private lenders and the federal government?


Nando said...

It is fraudulent, not to mention immoral. The sickest part is the fact that these pigs drill into the law student the need for ethical behavior, moral conduct, personal responsibility, and being above reproach.

As in "Animal Farm," I suppose the rules only apply to the ruled, not the rulers.

Anonymous said...

I'm sure so many law profs have sputtered out the line "sunlight is the best disinfectant" yet when their very comfortable nest is threatened, they lose their condescending tone and hide under the nearest rock.

I demand justice for student debtors!!!

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