Just expanding on a point that was made previously: there is a huge difference between “employed nine months after graduation” or “at graduation” and “employed in a job that justified the cost of law school and can ensure that the student can pay it back.”
All that “employed” means is that the student has a job. It could be waiting tables. “JD preferred” jobs include one-year fellowships, part-time work, and even teaching the LSAT or the bar exam. Many JD jobs pay around $40k-$60k a year, which is fine if you have five figures of student loan debt and is an absolute nightmare if you spent $200,000 on law school.
In what is a surprise to no one who pays attention, the federal government is considering curtailing IRB. It turns out that having students pay $5,000 a year towards a quarter-million-dollar educational loan isn’t a sustainable model.