Tuition Hikes

If Kanye West were here, he’d say: “The Stanford Board of Trustees doesn’t care about law students.”

Tuition is going up across the Stanford University system. That’s not surprising. We’ve said many times that tuition is “recession proof”; it just keeps going up, regardless of the job market for degree holders.

But Stanford is almost going out of its way to hurt its law students. While the rest of the university will endure a 3.5% tuition hike for the 2011-2012 academic year, Stanford Law School will receive a special 5.75% tuition hike. The law school currently charges $44,880 in tuition alone. Once you include books and other living expenses, the suggested budget for a Stanford Law student is $71,535 per year.

According to the school, that’s a bargain. The school should be charging way more. Why? “Because they can,” said one Stanford Law student we heard from.

When considering how much a Stanford J.D. should cost, the school admits that it’s not looking at the market value of a law degree — it’s simply looking at how much other schools charge for their degree programs, and making tuition decisions accordingly.

Yes, this is more evidence that the price of a law degree has become completely disassociated from the value of a law degree. But it’s also evidence that when the chips are down, Maryland Law cares a lot more about the future success of its students than Stanford…

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Crushing Debt Obligations.jpgWe’ve talked a lot about law schools that are raising tuition. It borders on unconscionable for schools to pump up tuition at a time of deflationary legal salaries and a difficult job market.

So I was a little surprised when I received this email from a University of Miami School of Law student:

The Dean of UM just sent out an email announcing policy changes that are going to save students’ tuition money (up to a couple thousand $$$ per semester). This while other law school in America is trying to milk every last cent out of students.

A law school that costs less? To the Batmobile!

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