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Thursday, April 3, 2014

Brooklyn Law School Cuts Tuition by 15%

Brooklyn LogoIn the wake of steep enrollment declines, a downgrade of its bonds, and the sale of six of its student dormitories, Brookyln Law School has announced a 15% cut in tuition (from $53,850 to $45,850) beginning in the 2015-16 academic year.  From the Wall Street Journal:

[Dean] Allard said applications to Brooklyn Law "have experienced a decline" since before the recession, but he did not cite numbers. He said the tuition cuts were enabled by a number of cost-saving measures, including a 15% cost-cutting goal among senior managers last year and a reduction of some staff salaries. A spokesman for the school also cited donations and sales of real estate as factors.

http://taxprof.typepad.com/taxprof_blog/2014/04/brooklyn-law-school.html

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Comments

At $45k per year, I still think BLS is a bad investment: (1) high cost of living for three years and (2) poor job prospects. Working during 2L & 3L year can offset some of these costs, but by how much?

Posted by: HTA | Apr 3, 2014 11:31:15 AM

Does anyone recall the bursting of the housing-bubble a few years back?

Posted by: Butler Shaffer | Apr 3, 2014 1:31:08 PM

Herein lies the rub for many, many law schools: $10,000/year tuition may be too much.

Posted by: Brendon Carr | Apr 3, 2014 4:30:53 PM

I'm waiting for a few standalone law schools to default on their debt and/or non-research universities closing their law schools. It's going to take a few years before everything shakes out.

Posted by: HTA | Apr 4, 2014 7:41:09 AM