Professor Elam

Wednesday July 25, 2012

The University of Illinois College of Law has been censured adn fined for intentionally publishing false invomrtaino to amke its student body look more academically accomplished than it was. 

We have consistently reported the incidents reflecting that the wheels are literally coming off the Law School Bandwagon. This is really the same sort of thing as 'earnings management' at corporations, nudging numbers to make the number analysts expect. We recently noted that even as the Whale loss at JP Morgan ballooned from $2 B to $5B, JPM still made their quarterly earnings expectation, imagine that. 

Law schools are just now having to report whether grads actually get lawyer jobs or just some job. 

This is another puzzle piece to the coming College Debt Meltdown.   U of I Administrators were willing to do whatever it took  to keep the illusion of success going to continue to attract enough applicants to cover their ever escalating costs.   When money trumps ethics we have a problem.