justonemoregame wrote:I'll offer a pessimistic perspective. I would be surprised if schools within the top 14 are willing to spend a significant amount more than what they have in the past re: scholarships, barring special gifts, like the 25M Cornell recently rec'd. Why would they blow money when they don't have to? Cornell doesn't have to compete with BU, UVA doesn't have to compete with Texas/Vandy. T14s compete with each other, but this has always been the case. The effect of a smaller high-scoring applicant pool will be evenly distributed, and we should expect business as usual: increasing tuition, over-enrollment, and under-performance w/r/t outcome.
Let's assume the following:
(1) Using some arbitrary but accurate calculation, schools will spend the equivalent amount of money in 2012 as they did in 2009.
(2) Applicants continue downward and their LSAT score distributions are approximately evenly distributed.
(3) The "value" of an applicant is almost entirely determined by that applicants index (GPA + LSAT Score) and is relative to how many other people have an index score that is equal or greater.
(4) Acceptances and scholarship money is almost entirely based on an applicant's value.
(5) Law schools will only decrease class sizes in a reactive manner. That is, to offset median declines and not to increase them.
Assumption (1) is the assumption in your pessimistic scenario. Assumptions (2), (3), and (4) are entirely reasonable. Assumption (5) is more school dependent, but reasonable at the large majority of law schools.
We can make the following observations:
(a) Combining (2), (3), and (5) yields that the value of an applicant should be greater in 2012 than it is in 2009.
(b) Combining (a) and (4) yields that a given applicant should now have more acceptances and scholarship money, even if (1) is true.
Conclusion (tl;dr): Acceptances and scholarship money that were previously allocated for applicants with much higher numbers should now be allocated for those with lower numbers. It's true that it doesn't solve the underlying structural problems of law schools, but the decline doesn't require that schools increase spending in order for applicants to massively benefit in terms of scholarship money and acceptances.
justonemoregame wrote:tl;dr: admission slightly easier, fucking forget aid.
The 175+ applicant group declined by over a 1/3. I think slightly is an understatement. If you have decent numbers, law schools will now be offering you money that was typically offered to higher numbered candidates simply because you've now become the higher numbered candidate.
iMisto wrote:Do you honestly feel this way? Please, don't get my little hopes up for $. lol
My numbers put me right at Cornell's new LSAT median, and slightly above their GPA median. I'm praying to Jebus that I just get IN.
However, if what you say is true, do you think they might give something/anything to combat large schollies from lower ranked schools? Say, to prevent me from going to BU w/ $? Again, I have my doubts about getting anything from them...
I haven't kept up with the law school world, so I'm purely speculating. I think you should get something if you leverage. Even if Cornell doesn't give you anything to combat large schollies from lower ranked schools, Cornell should give you something simply because your numbers are now way more of a commodity.