To lure students, public law school drops out-of-state tuition

, The National Law Journal

   | 2 Comments

Tuition freezes are so yesterday; waivers of higher out-of-state tuition rates are the new carrot for law schools to lure applicants. The University of Akron School of Law got the ball rolling on February 6, announcing that it would offer in-state rates to nonresident applicants. The school also will freeze tuition for the entering class of 2013 through graduation.

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What's being said

  • Kendall

    The honeymoon is over. Declining law school enrollments are a clear sign that students are waking up to the realities of a moribund legal employment market that cannot absorb more lawyers chasing a limited client base. Student debt levels, particularly for graduate and professional schools, have left thousands of students with unmanageable debt and jobs whose salaries are insufficient to make the payments. The result: a lifetime of penury Paying off colleg and law school debt has already become the new mortgage for many young people. Forget about the house. What is often forgotten is that the high debt burdens of many students make it far more difficult to start a savings or investment program early enough to reap benefits by retirement age. A bright and disciplined high school graduate, in fact, can achieve far greater returns by pursuing appropriate vocational education (1-2 years) and earn a sufficient salary to begin an investment program in his or her early 20s, thereby achieveing 1, 2 or even three more doublings of an investment portfolio by the time they are ready to retire. And, remember that the last doublings will mean many thousands in additional return that will denied to the graduate student who starts saving much later. Conclusion: both college and graduate education have been oversold to a naive and financially unsophisticated population. The proliferation of drug-related, law-suit happy seminars (Vioxx, etc.) we see hourly on T.V. reflect an ever-expanding numbers of lawyers desperately seeking a profitable niche in the current job market. Sadly, they now constitute a cancerous growth on the productive side of the economy.

  • Darren McKinney

    In-state tuition or otherwise, why would any young people in their right minds take on debt to the tune of tens of thousands of dollars for degrees that are quite likely to prove useless, at least for the forseeable future? And why would parents of such young people not vigorously counsel against such madness?

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