Tuition is still growing

Despite lagging law school applications, it vastly exceeds inflation.

, The National Law Journal


It's Supply and Demand 101: When demand for a product drops, prices fall to lure back buyers. But this fundamental law of economics doesn't apply to law schools. The number of applicants to U.S. law schools declined drastically during the past two years, yet the average tuition this fall will climb by more than double the rate of inflation.

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What's being said

  • Hey Hey

    What inflationary force is driving tuition increases at law schools? Answer: none. It is simply greed and the desire of universities to siphon off profits from what they view as a major profit center. It is simply astonishing how out of whack things have become with law school tuition. It is no longer a decision of opportunity cost of devoting three years to something, plus all the hard work involved. Now it is a financial decision that really makes no sense.

  • sseldin

    Law schools need a certain gross income to pay their expenses If enrollments are down , then the only way to pay expenses is to increase tuition..

  • hersom

    So very sad. Fifty plus years ago when I went to an ABA law school you could afford it, even a private one just by taking one of the many available jobs out there. Of course the salary that you received when you graduated was more in tune with the economy too. If I could change it I certainly would but I would have tried law school even today not for the money but for the great learning experience..

  • Publicus

    I second Jim Marlowe's comments. What good is it to have a law degree and be a barrista at Starbuck's? Learn a trade. Be a plumber - you'll get your Aruba timeshare much faster and at least the s--t you deal with will be honest s--t.

  • James J. Marlowe

    I tell all college graduates who will listen: Do NOT even apply to any law school.
    The tuitions are obscene and unwarranted , the education is laughable, and there are no jobs.
    You need to eat and pay bills.
    Learn how to repair transmissions or jet engines...

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