tuition/cost of law school

I really don’t want to be that guy at the dinner table who points out that the mashed potatoes are lumpy and the turkey is a bit dry. A law school is cutting tuition by half for some students, and for that we should be thankful. This follows a trend, seen here and there, in which law schools are starting to respond to the low interest in legal education by competing on price.

Except it also follows the trend of not really being a tuition “cut.” Instead it’s a tuition scholarship that is worth about half of the tuition, while the school maintains its high listed sticker price.

Well, this is Above the Law, not a Thanksgivukkah meal. Who wants a side of hater?

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In this age of plummeting law school applications, many deans must make difficult choices. They must sacrifice one of two things they love dearly: tuition dollars or their U.S. News ranking. It’s the legal academy’s version of Sophie’s Choice.

As fewer people apply to law school, deans have basically two options: they can shrink the size of the entering class, which reduces tuition revenue, or they can keep the size of the entering class the same, which results in credential dilution — a student body with lower LSAT scores and GPAs. Credential dilution can lead to a tumble in the closely watched U.S. News rankings, which can further reduce applications, setting in motion a vicious cycle.

So far, most schools seem to have opted for shrinkage. Most deans would prefer to be able to claim that they are taking a “stand for quality,” as Dean Patrick Hobbs of Seton Hall recently stated.

(Yes, we recently covered one exception. But to paraphrase Chinatown, “Forget it, Jake — it’s Cooley.”)

Interestingly enough, however, one top law school seems to be going in the other direction. It’s actually increasing the size of its incoming class over last year, even if doing so might lead to credential dilution….

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We present the inaugural ATL Top 50 Law School Rankings. Our rankings methodology is based purely on outcomes, especially on the schools’ success in placing its graduates into quality, real attorney jobs.

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