Thursday, August 23, 2012
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.
: WSJ Law Blog, Law School Costs Keep Rising, Despite Decreased Demand