Brian Tamanaha most recent post, What Federal Loans Do for Law Students and Law Schools, reveals the type of statistics and analysis that would come to the fore in Congressional hearings or a report by the Inspector General. Because the vast majority of all schools' funding now comes from loans originated by the Dept of Education, the federal government holds all the cards. If Congress or the Department of Education doesn't like what is happening, they can use the power of the purse to advance what they believe is a better outcome. Billions of dollars are at stake, and the people who are supposed to benefit from those billions believe they are getting a very bad deal. See Law School Tranparency.
It is absolute madness to argue with students, or their creditors [the US government], over value.
A man convinced against his will; is of the same opinion still. Ignoring them is a mistake of the same magnitude. We are about to exit the realm of self-regulation because we have failed to take serious issues seriously.
--William Henderson, Indiana University Maurer School of Law