We all react to 'market signals'...eventually

It looks like law school applications are finally declining precipitously. The specific issue here is that it's not necessarily easy to leverage a non-elite law school degree into a lucrative career (see the bimodal distribution of law school graduate pay) which makes servicing student loans (which can not be wiped out by bankruptcy) manageable. This is layered on top of the fact that many non-elite law schools seem to have been engaged in de facto marketing fraud in cooking-the-books on the prospects of their graduates for years. There have been many who have criticized Paul Campos of The Law School Scam, but I have plenty of anecdata to support his assertions in a qualitative sense. If you lack quantitative skills but have above average, but not stellar, verbal skills then loading up on $100,000+ debt in law school is not a path to riches (assuming you lack connections and are ...