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Thursday, June 27, 2013

Cincinnati Cuts Tuition for Out-of-State Students by 30%

UC LogoABA Journal:  University of Cincinnati Law School Listens to World’s Message: Tuition Has Gotten Too High:

The University of Cincinnati law school will cut tuition for out-of-state residents by 30 percent, following the lead of another cost-cutting Ohio law school. Tuition and fees for out-of-state residents will drop from $40,044 to $28,536 at the Cincinnati law school next year, the National Law Journal reports. Ohio residents will continue to pay $23,536.

University of Cincinnati law dean Louis Bilionis explained the move to the National Law Journal. “We thought tuition and expenses for out-of-state students had become out of equilibrium with the market,” he said. “The world is telling us that tuition has gotten too high."

Like many other law schools around the country, Cincinnati faces a difficult recruiting climate. A report prepared by Bilionis for the trustees found that the number of new students enrolling at Ohio law schools has dropped by 28 percent since 2008.

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Comments

That is a pretty dramatic reduction. Cincinnati is thinking much more clearly about its future than most other law schools. It may not be enough of a reduction at the end of the day, but this makes them much more attractive to out of state prospective students.

Btw, I calculate that about $50,000 in debt is reasonable for the average law student employment outcome (~55k/yr.). I'm not sure how schools will ever get there.

Posted by: JM | Jun 28, 2013 6:06:12 AM

Wow, that is a huge difference! Cincinnati is definitely going to get a lot more out of state students with this reduction.

Posted by: Bruce D. | Jun 28, 2013 11:47:36 AM


Cincinnati also has a solid reputation to the degree that this cut in tuition also makes it price competitive for a significantly larger pool of students from surrounding states. I suspect that it in the words of Ross Perot, this approach will create a "giant sucking sound" as Cincy's law school takes some of the better credentialed students from Northern Kentucky, Louisville, Indianapolis-Indiana and the like. This strategy will be open for a few years for the mid-upper ranked law schools such as Cincinnati and possibly Ohio State as they use it to expand the territorial reach of their applicant base. Private law schools that rank relatively high in the second tier and the lower half of the first tier are likely to have to dramatically lower tuition in order to prevent the siphoning of top students by the better ranked state funded law schools such as Cincinnati, Ohio State, Indiana, Illinois and Indiana in this region. In this region I can see CWRU having to cut tuition rather dramatically to avoid being gutted. For Third tier and lower Second Tier law schools this strategy by Cincinnati would actually be a blessing because it would allow higher ranked state law schools to restock their student bodies at credential levels with which such schools are comfortable. This would prevent "raiding" of better students from the other schools. (Possibly)

Posted by: David Barnhizer | Jun 28, 2013 12:53:18 PM

My guess is that Cincinnati is hurting from a drastic drop in rankings over the last few years, and this is just a way to compensate for it.

Married students should note (at least as of five years ago) that if your spouse is working a decent job inside Ohio when you start school, you qualify for in-state tuition. Also, you may be eligible for tuition rates very close to in-state rates if you move to Kentucky a few weeks before classes start and get a driver's license, etc. there.

Posted by: Tim | Jul 5, 2013 11:20:58 AM