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Thursday, August 30, 2012

Cincinnati Law Faculty Create Scholarship Fund for Students

UC Logo Yet another reason why I love the University of Cincinnati College of Law and my colleagues:

Prospective students are well aware that a legal education can be a significant financial investment. What’s news at the University of Cincinnati College of Law is what professors have initiated to make things a little easier for students. They’ve established the College of Law Faculty Scholarship Fund.

Specifically, the College of Law Faculty Scholarship Fund will provide necessary financial support to our law students that will help offset the rising cost of legal education. To kick off this initiative, nearly $40,000 was raised, with the average gift exceeding $1,000.

“We have high hopes for this effort,” said A. Christopher Bryant, professor of law at the College and one of the initiators of the idea. “This faculty has always felt a very strong connection to our students. We also understand the realities of the legal profession today—and remember the anxiety we all felt when we were in law school. Creating this scholarship was an opportunity to show our support of them in a tangible form.”

Noted Bryant and Mark Godsey, the Daniel P. and Judith L. Carmichael Professor of Law and Director of the Ohio Innocence Project, law faculty were excited and very committed to participating in this venture recognizing the increasing pressures on students in terms of debt and the impact of a slowing economy.  As an important initiative of this year’s Faculty Staff Campaign, these efforts helped raise our faculty participation rate to 100%, making UC College of Law one of very few to achieve this high standard.

“We’ve long been proud of the strong relationships that exist between faculty and students at the College of Law,” said Louis D. Bilionis, dean at the College of Law. “Our professors care deeply about their students, and their initiative and generosity in establishing this scholarship fund shows how dedicated they are to making a positive, personal difference in the lives of their students.”

If you would like to join the Cincinnati faculty and this effort, see here.

http://taxprof.typepad.com/taxprof_blog/2012/08/cincinnati-faculty.html

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Comments

Nice, but...

...school wide salary cuts/work hour increases would have a much more profound financial impact and would not have the odor of favoritism about them (law schools have a long history of manipulative selectivism - utilizing mandatory "financial aid" filings by students as a tool for price discrimination that helps to maximize the law schools' revenue and student body metrics).

This may sound petty in light of the gifts - but the price discrimination function of "financial aid" is so blatant that any "selectivity" in the awarding of "price relief" simply aggravates the problem.

What is needed is systematic reform - not noblesse oblige.

Posted by: cas127 | Aug 31, 2012 2:14:14 AM

This is a wonderful thing. We have merely 90% of the world's lawyers. This means that there might, somewhere, be a five year old unpaid $20 service charge which wouldn't be avidly, may I say relentlessly, pursued.

Posted by: Nolanimrod | Aug 31, 2012 8:30:34 AM

Wouldn't it be better from a tax perspective for the lawprofs at UC to accept a lower wage from the law school with the school turning around and placing that saved money into a scholarship fund?

Posted by: TS | Sep 2, 2012 3:10:47 PM

TS, if there was some kind of agreement like that, the professors would probably still have to report the forgone salary as income.

Posted by: HTA | Sep 3, 2012 10:25:15 PM