Law School: Rising Demand and Rising Tuition
Katy Hopkins
Tuition has risen for the 2010-2011 academic year at law schools across the country, even as jobs in the industry disappear by the month. The most recent figures from the
But more law school admission tests were administered in the most recent testing year than ever before. From
With demand and costs climbing while job prospects diminish, what's happening to the value of a legal education? The answer is debatable, at least for the J.D. credential itself, says
Aiming high. Henderson notes that in this economic climate, even a degree from a top law school does not guarantee a job. But
"I had thought people would be more concerned about scholarships and willing to let go of ranking a little bit. I was wrong," Levine says. "People want to generally go to the best law school they can get into, regardless of costs."
One of Levine's clients,
"It would have been nice to not have any debt," she says. "But I feel like I'm more likely to have a better job and higher paying salary going to
While "everyone talks about the cost of tuition," Levine says, "it's actually not going to impact demand greatly because I think people see it as somewhat inevitable and beyond their control."
Reasons for tuition increases vary by school, though the pattern is that tuition rarely goes down. Instead, relatively small tuition increases are touted as big news. At
Public law schools are feeling the heat of tight state budgets. Funding for higher education has been slashed in at least 43 financially strapped states, according to a report from the nonprofit Center on Budget and Policy Priorities. Higher education funding in
Still, law school officials voice continued support for ambitious students choosing a legal education, especially when the curricula embrace the changing tides of the professional market.
"I think that law school remains a great investment because of the kinds of analytical skills law school teaches," says
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