Apparently, due in part to easy student loans from the federal government, there is shaping up to be a massive surplus in the number of lawyers in our country. Moreover, that surplus appears to be forming (gulp!) in many of the educated professions, which I would assume includes my own. Check out this article as well--I grew up just north of Valparaiso, so it's especially meaningful to me. Notice--also close to home now--that the U. of Minnesota law school is cutting admissions.
Now if we had sane economic policies--pretty much reverse most of what has been done since 2006--it's likely that the economy would pick up, but all in all, I dare suggest that it's long past time for would-be students to justify their degree plan to a banker whose neck is on the line for whether that loan gets repaid or not. At the very least, we need to start restricting student loans to those who have a realistic chance of graduation--meaning "not the bottom third of incoming students", who have an approximately 17% chance of getting a degree.
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