Should Law Schools Be Lenders? (Ep. 549)
Thinking LSAT
Nathan Fox and Ben Olson
4.6 • 886 Ratings
🗓️ 9 March 2026
⏱️ 74 minutes
🧾️ Download transcript
Summary
Nathan and Ben react to WashU offering a new institutional loan to help students cover tuition beyond federal loan limits. They argue that chasing a prestigious name isn't worth it if you have to borrow heavily to get there.
Also in this episode:
- Ben and Nathan roast a poorly written Wall Street Journal headline
- Whether highlighting and note-taking actually helps on the LSAT
- An engineering grad considers switching to law
Check out all of our “What’s the Deal With” segments
Get caught up with our Word of the Week library
0:00 Wall Street Journal Headline
3:29 Extremely Confused
14:34 Loan from WashU
25:27 Highlighting on the LSAT
27:20 Test D Question — Nonprofit Leaders
38:05 Career Change as an Engineer
50:07 A Few More Points on Your GPA
57:26 January Score Hold
1:09:51 Word of the week — suzerain
Transcript
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| 0:00.0 | The Washu Law Supplemental Loan is designed to help bridge funding gaps that may remain after federal loans are fully utilized. |
| 0:06.9 | They're not going to ask for any collateral for this loan? |
| 0:09.1 | My first thought was, oh, well, then they must be really sure that these people are going to be able to pay the loan back. |
| 0:15.7 | Immediately my second thought was, maybe they don't give a shit, because it's fake money anyway. |
| 0:27.3 | Yeah. thought was maybe they don't give a shit because it's fake money anyway. Hello and welcome to episode 549 of the Thinking Elseap podcast. I'm Ben Olson. With me is Nathan |
| 0:34.0 | Fox. We're the co-founders of Elsaat demon.com and the ElsaDemon Daily podcast. |
| 0:39.8 | This first agenda item comes to us. |
| 0:42.4 | I put it on the agenda, Ben, because I wanted you to look at it. |
| 0:45.6 | Look at this dumbass headline in the Wall Street Journal. |
| 0:51.9 | The headline is one thing. |
| 0:54.0 | And then you read the subheadline. why don't you read both of them and you |
| 0:57.8 | can comment sure so the headline is in california about the only way to get a house is to |
| 1:05.3 | inherent one okay sub title what do you think of that? I mean, what's that mean? Well, I don't... Personally, I hate the about... Yeah. About the only way? Is it the only way or not? What if it didn't say about? What if it just said in California, the only way to get a house is to inherit one? Well, that would be false, right? Obviously, you don't know. |
| 1:28.0 | But it's also false as it reads. |
| 1:30.4 | And it's false because if you read the subhead... |
| 1:33.3 | Hmm. |
| 1:35.1 | Nearly one out of every five property transfers last year was made through inheritance. |
| 1:41.1 | Nearly one out of every five? |
| 1:43.7 | So it's actually... it's, it's, most, most people get it some other way. |
| 1:51.3 | More than 80%, right? |
| 1:53.0 | It's less than, they say nearly one out of five comes from inheritance. |
| 1:57.0 | Okay, so you mean more than four out of five don't come from inheritance? |
... |
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