[NOTE: Thanks to a poster for pointing out that I had written Charlotte instead of Charleston. I have edited this posting accordingly. Apologies for the error. ——OG]
The US Department of Education has identified more than 800 programs that fail its "gainful employment" rule by having a typical graduate's annual loan payment exceed 30% of discretionary income or 12% of total earnings:
Unsurprisingly, the usual suspects are various associate's degrees or "certificates" in fields to do with make-up, hairdressing, drawing, photography, and the performing arts. But the list also includes two professional degrees: the JD programs at the Charleston School of Law and the Florida Coastal School of Law ("Horrida Coastal").
Charleston has been in dire financial straits; its very survival is in doubt. Horrida Coastal, like the recently disgraced Charlotte School of Law ("Harlotte"), is owned by the notorious InfiLaw company, which also operates the equally dreadful Arizona Summit Law School ("Arizona Scum Pit").
Failure to meet the threshold for "gainful employment" can result in loss of eligibility for federally guaranteed student loans. That would sound the knell for institutions that depend on such funds—especially profit-seeking academies, such as Charleston and Horrida Coastal, most of whose students could not come up with many tens of thousands of dollars per year without a little help from Uncle Sugar. Already Harlotte has been kicked off the student-loan gravy train, for reasons that go well beyond a comparison of debt and earnings. Horrida Coastal may be the next to get the boot.
That would leave InfiLaw with only one scam school, Arizona Scum Pit. With the dubious distinction of being one of only five out of 200+ schools (excluding the ones in Puerto Rico) to post LSAT scores worse than those of the other InfiLaw toilets, Arizona Scum Pit may not lag far behind. See these data on Arizona Scum Pit from Law School Transparency (LST):
A quarter of the class of 2015 was "Non-Employed"—not working in any capacity—ten months after graduation. Almost a third of the graduates reporting employment were in "Business & Industry", which could mean anything from CEO of a Fortune 500 corporation (not bloody likely) to stock clerk at a grocery store. Arizona Scum Pit reports no data on salaries, but LST estimates that someone relying wholly on loans will owe a cool quarter of a million dollars at the time when payments begin. Almost a third of the class pays full price, and the great majority get small discounts at best.
If Arizona Scum Pit isn't already out of compliance with the standard for "gainful employment", it must be close to the line. Even typical debt of only $80k upon graduation would require a typical gross income of $58k—quite a lot for a toilet school with many unemployed graduates—in order to stay within the limit of 12% of total earnings.
InfiLaw, it would seem, derived its name from the Latin infimum, meaning 'the lowest'. Now it's sharing the ignominious company of fly-by-night beauty schools. With one school already ineligible for student loans, another threatened with ineligibility, and the third hanging by a thread, InfiLaw may soon be gone. Good fucking riddance.