Friday, December 22, 2017

Tuition Discounting in Private Law Schools

In the law school world, student applicants are well aware of the  practice of tuition discounting: providing institutional aid to select students to offset the price of attending the institution. A recent survey of the practice by private law schools discloses considerable discounting. Here are the most significant findings:

  • The overall average institutional tuition discount rate—essentially, the percentage of tuition and fee revenue schools used to fund their institutional grant aid programs—for participating law schools for all students enrolled in JD programs rose from 35 percent in Fall 2015 to 39 percent in Fall 2016.
  • The participating law schools were divided into two groups: high and low tuition. The tuition discount at high tuition law schools increased from 33 percent in Fall 2015 to 38 percent in Fall 2016; over the same time, low tuition law schools experienced an increase from 37 percent to 39 percent.
  • Among first-year law school students (1Ls), the overall average tuition discount rate declined from 46 percent in Fall 2015 to 41 percent in Fall 2016. However, this varies by tuition group. Law schools in the high 4 tuition group had a 1L discount rate that rose slightly from 41 percent in Fall 2015 to 42 percent in 2016. Low tuition law schools experienced a sharp 1L tuition discount rate decline over this period, from 51 percent to 39 percent.

Is this any way to run a law school? You can read more findings here. Business Officers (NACUBO), National Assoc. of College &, Tuition Discounting Study of Private Law Schools (November 15, 2017). AccessLex Institute Research Paper No. 17-10.

(ljs)  

https://lawprofessors.typepad.com/legal_skills/2017/12/tuition-discounting-in-private-law-schools.html

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