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Thursday, August 23, 2012

More on Law School Applications and Tuition

Following up on last week's post, Law Schools Jack Up Tuition 4%-6% Despite 14% Decline in Applicants:  The Law School Tuition Bubble: Every Day Is Halloween for Law Schools, by Matt Leichter:

2011 and beyond is not the first time law schools have seen a drop in applications and raised tuition nonetheless.

To make this more intelligible, here’re the annualized growth rates from trough to peak and peak to trough over the years.

[D]o not be surprised that average law school tuition is increasing even though applicants are not. It would take an unusual set of circumstances for any one law school to voluntarily cut its tuition and still expect to survive.

Update:  WSJ Law Blog, Law School Costs Keep Rising, Despite Decreased Demand

http://taxprof.typepad.com/taxprof_blog/2012/08/more-on--1.html

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Comments

That first chart is statistical malpractice.

Posted by: anon | Aug 23, 2012 5:43:10 AM

What is the effective price? The stats are meaningless without data on the discounts/scholarhips.

Posted by: Anon | Aug 23, 2012 5:53:22 AM

@Anon

Average amount borrowed for law students in 2000-2001 $70,141 for a private law school. For 2010 - 2011 that number has grown to $124,950. Keep in mind this number doesn't even include money borrowed for undergraduate studies.

http://www.americanbar.org/content/dam/aba/administrative/legal_education_and_admissions_to_the_bar/statistics/avg_amnt_brwd.authcheckdam.pdf

Posted by: lawStudent | Aug 23, 2012 1:12:37 PM

lawStudent,

Don't worry too much about anon - he is more law school whore-bot than human at this point.

Note the large number of allegations he makes without explanation ("statistical malpractice" - how so?).

Looking at many other "legal education" posts will show the same.

Posted by: cas127 | Aug 23, 2012 6:54:31 PM

Anon,

Why don't you tell people who you are?

Posted by: Fred | Aug 23, 2012 7:11:22 PM