Monday, December 19, 2016
Quoted in the ABA Journal:
“This is potentially a cataclysmic event for legal education. The Department of Education’s reasoning could easily be extended to other law schools,” Paul Caron, an associate dean and professor at Pepperdine School of Law, wrote in an email to the ABA Journal.
“Hopefully, today’s action by the DOE will finally cause law schools to confront the existential crisis facing legal education,” says Caron, who writes at Tax Law Prof Blog.
I think that Paul is right that this could be cataclysmic. This could cause major changes in the legal education world, hopefully for the better.
P.S. This from Paul Campos:
"As to how damaging this will be, nearly 100% of Charlotte’s income, like that of the other Infilaw schools, comes from tuition dollars, and the overwhelming majority of those dollars are funneled into the school’s coffers in the form of federal student loans. So unless this decision gets reversed (Charlotte has a couple of weeks to file an appeal.) . . . . Charlotte will be going out of business almost immediately, which is actually great news for its current
victims students, since that means their student loans will be forgiven."