Friday, November 16, 2012
Thursday, November 15, 2012
Wednesday, November 14, 2012
Tuesday, November 13, 2012
A colleague at Georgetown sends along this explanation of a new Obama Administration policy:
[T]he government issued the final regulations for the new Pay As You Earn student loan repayment plan, an initiative of the Obama administration. 77 Fed. Reg. 66088....Although the regs are quite complex, the bottom line is this:
Graduates currently in school or who graduated last May who DO NOT do public service work need not repay more than about 7% of their income toward their federal (that is, federally guaranteed or federally-issued) student loans, for 20 years. After 20 years, all remaining principal and interest is forgiven. (Our students who had undergraduate federal student loans before October, 2007 have to pay about 10% for 25 years, but most current law students did not have such loans).
Graduates who perform 120 months of public service (at least 30 hours a week for any federal, state, or local government, or any 501(c)(3) organization) get forgiveness after 10 years instead of 20 years. (And Georgetown’s LRAP reimburses their 7%, if they earn less than $75,000, with a gradual phaseout of the Georgetown LRAP subsidy for those with incomes between $75,000 and about $130,000).
This is an entitlement program, created by regulations under authority granted by Congress in 1993, 2007, and 2010 and not exercised until now; no appropriations are necessary.
Monday, November 12, 2012
Friday, November 9, 2012
November 9, 2012 | Permalink
Thursday, November 8, 2012
Paul Campos, of self-promotion fame, has now written what purports to be a description of both the content and then the vote of a faculty meeting at his school, the University of Colorado at Boulder, concerning the expansion of its LLM program. Campos was the lone dissenter, so he claims, arguing that it was not clear there were jobs for those who would get this LLM. He claims that none of his colleagues responded to his objections, and that everyone, but him, then voted for the expansion of the LLM program anyway. (His omission of any detailed discussion of the reasons for the proposal no doubt contributes to the unfavorable impression he gives of his colleagues.)
I have to say I've never before seen anyone blog the substance of a faculty meeting or disclose a vote, let alone do so in a way that is meant to insult and humiliate his colleagues. I wonder whether such actions do not violate university rules, but perhaps not. I guess time will tell.
UPDATE: James Grimmelman (New York Law School) asks, "Might it not also be the case that his colleagues were reluctant to discuss the proposal at the faculty meeting out of a concern that whatever they said would be published on Professor Campos's blog?" That's plausible, but would also suggest that he is now disrupting the ability of the school to operate, which would have serious consequences. And maybe those consequences are starting to materialize? Certainly, the latest item on the Campos blog suggests he has jumped the shark:
Recently I've been nominated for a couple of law school dean positions. I've even toyed with the idea of formally applying. Although unlike Mitt Romney and Donald Trump I can't claim to enjoy firing people per se, I do think I'd positively relish the opportunity to give the ziggy to the significant percentage of employees at the typical law school who deserve to have their sinecures terminated with extreme prejudice.
Wednesday, November 7, 2012
Tuesday, November 6, 2012
Monday, November 5, 2012