July 18, 2012
Louisville Outspends Financial Aid Budget by 136% to Land 1L Class; School to Eat $2.4m; Admissions Dean Resigns
The University of Louisville Louis D. Brandeis School of Law budgeted $550,000 for scholarships to incoming 1Ls, but the school instead offered students $1.3 million. According to a spokesperson, "108 of the 140 incoming students were offered financial aid and two-thirds to three-quarters of them either received an award they shouldn't have gotten or got more than they should have received." The law school has agreed to eat the $2.4 million three-year cost, and the assistant dean for admissions has resigned.
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Isn't Louisville run by a guy who has been very eloquent on the excesses of student debt?
Posted by: Walter Sobchak | Jul 19, 2012 10:28:01 AM
There must have been a bonus for a full class.
Be interesting to see the demographic breakdown of how financial aid was awarded. Merit, need or other factors.
Posted by: Jack | Jul 19, 2012 10:30:20 AM
This is being spun as a mistake/malfeasance of an individual.
Given what is going on in legal education (snowballing everyday - thank you sweet internet!) I think there is a *lot* more to come out (like a widespread, last minute collapse in acceptances - deranging law school finances).
Unlikely coincidence that recent Dean Chen let the cat out of the bag on poor law school investment outcomes back in December - and in July this happens.
Something is going on behind the scenes - stay tuned.
Posted by: cas127 | Jul 20, 2012 1:22:55 AM