Ivy Coach regularly helps students gain admission to America’s most prestigious law schools. And so we read with great interest an article in “The Wall Street Journal” entitled “Law Schools Boost Enrollment After Price Cuts” by Jennifer Smith. Apparently, many law schools are trimming their prices (unheard of!) in the hope of boosting enrollment counts. According to a preliminary report conducted by “The Wall Street Journal,” three law schools that happened to cut tuition will be welcoming incoming classes that are between 22% and 52% bigger than in 2013. That’s a major difference, wouldn’t you say?
According to the article in “The Wall Street Journal” on law schools, “Last year, the average tuition and fees for private law school were $41,985, compared with $25,574 in 2003, according to the American Bar Association. Over the same period, the average tuition and fees for in-state students at public institutions more than doubled—to $23,879 in 2013—while rates at some elite public schools top $50,000. Financial aid and merit scholarships mean many students don’t pay the sticker price. Still, when fees and living expenses are factored in, the costs of law school add up. The average debt among borrowers who graduated in 2012 was $84,600 for those attending public schools and $122,158 for those at private schools, according to the ABA.”
What do you think about the tuition cuts at law schools? Do you think this latest trend has been a long time coming? Do you think that law school was becoming unaffordable? Do you think this new trend will encourage students who don’t have a clue what they want to do in life to matriculate to law schools? Or just the opposite? Let us know your thoughts on the subject by posting a Comment below. We look forward to hearing from you!
And remember when we wrote about how law school applications were dropping significantly back in 2011?