With Applicant Numbers Down, Law Schools Losing $1.5 Billion Annually, Study Says

A new study has shown that the drop-off in law school enrollment from 2010 to 2016 is costing law schools a cumulative $1.5 billion loss in tuition each year, Law.com reports. The new report, produced by two law professors and an economist, found that fierce competition for students brought down the actual cost students pay for their degrees. The average cost was 6 percent lower in 2016 than it was in 2010. The overall test scores and GPAs of the admitted students also dropped during the same period. Top-ranked schools' decisions to scale back class sizes, however, likely saved many lower-tiered schools from having to shut down their doors.
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