'They can't find jobs, which is fairly accurate with a lot of these schools. When they find out that their school is owned by a hedge fund operator who is making a profit off the university, they decide to drop out. In Grisham's new novel, a group of third-year students at fictional Foggy Bottom Law School are facing a mountain of debt and having trouble finding jobs. The more than 44 million Americans who have borrowed money to pay for college owe over $1.4 trillion in student loan debt. It was a great piece but also a troubling issue and I started researching and the novel was quickly born from that.'

I was not familiar with for-profit law schools and I was not really familiar with the student debt crisis. 'It was an investigative piece by Paul Campos published three years ago in The Atlantic and I somehow stumbled across it.

Grisham told 'CBS This Morning' he was inspired to write the novel after reading an investigative article in The Atlantic about for-profit law schools and the crisis of student debt in the U.S.

Read an excerpt of John Grisham's upcoming novel 'The Rooster Bar'.

Grisham's 25th legal thriller, 'The Rooster Bar,' explores the world of for-profit law schools through a group of students who learn their school is owned by a shady hedge fund operator. 1 New York Times fiction best-sellers and has sold more than 300 million copies of his books worldwide. John Grisham is known as the master of legal thrillers.

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