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…