Paul Campos wrote:Mr. Somebody wrote:Thanks for the post Professor Campos. Do you think we'll see this effect at T14's as well?
NU just admitted a bunch of people off the hold list and isn't offering any money. Conversely I've heard other T14's are offering money off the waitlist.
I Guess part of it will depend on whether schools decide to preserve medians rather than reduce class size
Yes I do think you'll see this effect at T-14s, although it won't be as pronounced. When top 20 schools are not only admitting large numbers of people off their wait lists but offering 50% discounts off sticker to people admitted in May (as GW and Minnesota are doing) that tells you these schools are in a real hole. Otherwise they'd try to fill the class with sticker-price or near sticker-price admits off the WL rather than resorting to immediately giving deep discounts to people who have been riding their WLs for months. That's a sign they're seriously concerned about falling far short of getting a full class.
Kudos to Professor Campos for a fascinating and much-needed thread topic.
I think the T14 and other top-tier schools are slowly coming to the realization that their yield rates are going to be awful. That's why we're seeing all this desperation/craziness now.
It's a problem for top schools when you have too few high-scoring applicants, but each is sending out a greater number of applications. I had a feeling they'd have a yield problem when I read this (from 4/16):
Northwestern Law has seen just a very slight decline this year (in approximately the 4% range) and no decline in the high-end LSAT applicants.
They'll need to readjust their thinking for next cycle.