I was really hoping he'd respond to the law school student along these lines: "Well, where in your class did you graduate, and why did you think you'd have job prospects as a lawyer? Unless you're in the top 1/3 of your class at a good law school or top 5% of your class at an OK school, getting a job is hard in today's market. Part of the reason law school (and school in general) is so expensive is because we've removed a lot of the risk from the loan side of the equation. We give you 7% money, guaranteed against default, and the schools jack up the prices. That combines with faulty transparency in which some law schools hide employment rates. My guess is that a lot more people are going to law school than should be, and we need to fix the incentives to keep all parties honest about their prospects."