ilikebaseball wrote:cusenation wrote:ilikebaseball wrote:Someone needs to explain to me why law school is so much though? I know a ton of responses would be "if it was cheap, everyone would do it just for the $$ and status" but law tuition is literally triple UG tuition. Is it similar for Med School? I don't think its that substantial for grad school in general. Law schools seem to make a killing. Theoretically, at a school like UT, it would take 3 in state UG students to equal the cost of tuition of one law school student. That just blows my mind.
faculty salaries are the biggest overhead cost. Law schools are driven by prestige, which is largely determined by academic research of the faculty (this is the peer reputation metric that goes into U.S. News Ranking). So schools essentially get into bidding wars for the best academics. And law schools were traditionally cash cows for their parent universities, so law schools need to bring in more revenue to subsidize the other departments and programs
If law schools bring in so much money, then why wouldn't every UG establish one? Seems to be profitable pretty much everywhere
dunno why every UG didn't start one during the boom years, but a ton did. It's not as profitable now though