"You have the right to sell: Brooklyn Law to Unload Six Heights Buildings," by Jaime Lutz (The Brooklyn Paper)
Money Quote: "Brooklyn Law School is selling six of its student housing buildings in Brooklyn Heights....[Brooklyn Law President Joan] Wexler, who will soon leave the presidents office to become dean and president emeritus, refused to say why the school is selling off so many residences. 'Thank you so much, and I really don't mean to be rude, but I haven't really got anything else to say,' she said."
"Law Schools Face Facts: Dwindling Enrollment," by Dan Miner (Buffalo Business First)
Money Quote: "'With the cost of law education these days, even if these kids do get jobs, they're certainly not getting the wages they need to pay back the debt and the loans they incurred during law school, although [University of Buffalo] Law grads are luckier than most because tuition is a lot lower,' [Kimberly Georger, an associate at Rupp, Baase, Pfalzgraf, Cunningham & Coppola LLC] said. 'When we bring on summer associates, across the board they talk about how scary it is at school right now. Everybody's nervous. Forget about, 'I'm a lawyer and I'm going to have a great career and make a lot of money.' It's 'Can I pay my bills?' So there's a huge shift in what it means to be a lawyer from days past.'"
"Loans: Kicking Student Borrowers While They are Down," by Karen Weise (Bloomberg BusinessWeek)
Money Quote: "The U.S. government doesn't charge student borrowers anything to use a host of options to ease the burden of monthly payments. But some unscrupulous companies charge up to $1,600 for the very same help the borrowers could get for free. That's one of the findings of a new report by the National Consumer Law Center examining how debt relief firms prey on student borrowers."
"Taxpayers Pay Millions for Fed Workers Student Loan Relief," by Abby Smith (Zolmax News)
Money Quote: "According to a review of congressional spending records by the non-profit Sunlight Foundation and USA Today, the House of Representatives spent nearly $15 million last year to pay for staffers' student loans. Senate spent around $6 million. Members of Congress are not qualified for the program. Federal agencies spent around $72 million in 2011 to pay down student loans for 10,134 federal workers. Officials have defended the program as a vital benefit that helps the government attract and retain workers. Participants of the program are not protected from increases of interest rate."
"Buyer's Remorse on Student Loans?" by John Sandman (Main Street)
Money Quote: "In a bad job market, borrowers have struggled across the board, from law school students to beauty school grads, as though these two disparate occupations were on an equal footing. But a May report by Fidelity Investments turned up another benchmark of disillusionment: 39% say they would have done things differently if they knew what it was going to be like to shoulder this financial burden, a 14% increase over findings in 2011."