I thought the mentality of getting rich by going to law school, or becoming a doctor for that matter, was pretty much retired by the tech boom over the past 20 years. Sounds like these prospective lawyers missed the bus.

On a related topic, there was an interesting story on Frontline a few months ago about for-profit universities and their reliance on federal student loans for their students...

"And the cash cow of the for-profit education industry is the federal government. Though they enroll 10 percent of all post-secondary students, for-profit schools receive almost a quarter of federal financial aid. But Department of Education figures for 2009 show that 44 percent of the students who defaulted within three years of graduation were from for-profit schools, leading to serious questions about one of the key pillars of the profit degree college movement: that their degrees help students boost their earning power. This is a subject of increasing concern to the Obama administration, which, last month, remade the And the cash cow of the for-profit education industry is the federal government. Though they enroll 10 percent of all post-secondary students, for-profit schools receive almost a quarter of federal financial aid. But Department of Education figures for 2009 show that 44 percent of the students who defaulted within three years of graduation were from for-profit schools, leading to serious questions about one of the key pillars of the profit degree college movement: that their degrees help students boost their earning power. This is a subject of increasing concern to the Obama administration, which, last month, remade the federal student loan program, and is now proposing changes that may make it harder for the for-profit colleges to qualify.

Read more: http://www.pbs.org/wgbh/pages/frontline/collegeinc/view/#ixzz1bMCs4BgR

No thanks, read it twice already.