Will scholarship offers ever start drying up?

(Applications Advice, Letters of Recommendation . . . )
southernnewbie

New
Posts: 5
Joined: Sat Jan 06, 2018 3:06 pm

Will scholarship offers ever start drying up?

Postby southernnewbie » Mon Jan 08, 2018 6:07 pm

From talking to people who went to law school years/decades ago, it's clear that schools didn't usually give out large scholarships until the recession and consequent huge slump in applications in the last 10 years or so made scholarships necessary to entice students. They often seem shocked that it's possible to get a full scholarship to law school now if you just have good enough grades and LSAT scores.

Is there any possibility that, if law school applications rise again, scholarship awards will become less common and/or smaller and the admissions process will go back to how it used to be? Obviously this is hypothetical and not something to stress about yet, but it might be something for people considering putting off law school for a few years to consider. Anyone have predictions or opinions?

User avatar
chargers21

Gold
Posts: 3761
Joined: Wed Oct 26, 2016 10:54 pm

Re: Will scholarship offers ever start drying up?

Postby chargers21 » Mon Jan 08, 2018 6:15 pm

Nope, it won't happen. The market and business has simply changed forever not only because of the recession, but because of technology and inertia. The new method for law schools to make money is pretty evident when you look at places like NYU and Columbia where half of the students are paying sticker. They basically pay for medians and then have splitters pay full price to help out their financials.
Edit: plus thet jack up the tuition every year, making sticker more expensive

Effingham

Bronze
Posts: 171
Joined: Thu Sep 04, 2014 8:40 am

Re: Will scholarship offers ever start drying up?

Postby Effingham » Mon Jan 08, 2018 6:23 pm

Hah, translation - “do I really have to re-take the LSAT?”

My theory is that the increase in scholarships is tied moreso to it being a flexible device to attract specific talent while still maintaining absurdly high tuition. The fact that tuition was dramatically more sensible before scholarships were a big deal supports this.

I don’t think we are going to see some dramatic increase in qualified applicants such that law schools can meaningfully compete for the top scorers while not offering anything in return. The fact that the number of applicants with the highest percentile LSAT scores has not increased at the same rate as middling applicants supports this.

Don’t try to time law school, just get a good LSAT (which very often means re-taking) and go to the school that is appropriate for your goals and financial circumstances - and if there is no school that fits the above guidelines, despite having taken the LSAT multiple times and studiously prepared, do something more interesting/useful with your life, like a lifeguard or paratrooper or DJ if you’re in bad shape.

User avatar
Timofey_Pnin

New
Posts: 11
Joined: Tue Nov 14, 2017 3:49 am

Re: Will scholarship offers ever start drying up?

Postby Timofey_Pnin » Mon Jan 08, 2018 6:38 pm

chargers21 wrote:Nope, it won't happen. The market and business has simply changed forever not only because of the recession, but because of technology and inertia. The new method for law schools to make money is pretty evident when you look at places like NYU and Columbia where half of the students are paying sticker. They basically pay for medians and then have splitters pay full price to help out their financials.
Edit: plus thet jack up the tuition every year, making sticker more expensive



Haha I wish Columbia paid for medians. Go on lsn and look at what a 3.9/172 applicant gets (spoiler it's nothing)

User avatar
ms9

Gold
Posts: 2999
Joined: Sun May 03, 2009 4:28 pm

Re: Will scholarship offers ever start drying up?

Postby ms9 » Mon Jan 08, 2018 6:56 pm

southernnewbie wrote:From talking to people who went to law school years/decades ago, it's clear that schools didn't usually give out large scholarships until the recession and consequent huge slump in applications in the last 10 years or so made scholarships necessary to entice students. They often seem shocked that it's possible to get a full scholarship to law school now if you just have good enough grades and LSAT scores.

Is there any possibility that, if law school applications rise again, scholarship awards will become less common and/or smaller and the admissions process will go back to how it used to be? Obviously this is hypothetical and not something to stress about yet, but it might be something for people considering putting off law school for a few years to consider. Anyone have predictions or opinions?


Not in the short term. If anything they will keep rising. In the mid or long term it is possible if a second ranking system or even more diffuse rankings (like in business schools) took over than they could indeed regress to earlier levels.

38981928

Bronze
Posts: 209
Joined: Thu Oct 26, 2017 8:53 pm

Re: Will scholarship offers ever start drying up?

Postby 38981928 » Mon Jan 08, 2018 7:01 pm

MikeSpivey wrote:
southernnewbie wrote:From talking to people who went to law school years/decades ago, it's clear that schools didn't usually give out large scholarships until the recession and consequent huge slump in applications in the last 10 years or so made scholarships necessary to entice students. They often seem shocked that it's possible to get a full scholarship to law school now if you just have good enough grades and LSAT scores.

Is there any possibility that, if law school applications rise again, scholarship awards will become less common and/or smaller and the admissions process will go back to how it used to be? Obviously this is hypothetical and not something to stress about yet, but it might be something for people considering putting off law school for a few years to consider. Anyone have predictions or opinions?


Not in the short term. If anything they will keep rising. In the mid or long term it is possible if a second ranking system or even more diffuse rankings (like in business schools) took over than they could indeed regress to earlier levels.


Why do you think they'll keep rising, especially with this cycle's increase in apps? I've been worried about this whole drying up of scholarships thing as well because I feel like I've gotten lowballed at some schools based on MyLSN (though others have been very generous also, so it doesn't seem to be a trend everywhere).

User avatar
chargers21

Gold
Posts: 3761
Joined: Wed Oct 26, 2016 10:54 pm

Re: Will scholarship offers ever start drying up?

Postby chargers21 » Mon Jan 08, 2018 7:20 pm

A lot of myLSN numbers are post-negotiation

User avatar
ms9

Gold
Posts: 2999
Joined: Sun May 03, 2009 4:28 pm

Re: Will scholarship offers ever start drying up?

Postby ms9 » Mon Jan 08, 2018 7:23 pm

38981928 wrote:
MikeSpivey wrote:
southernnewbie wrote:From talking to people who went to law school years/decades ago, it's clear that schools didn't usually give out large scholarships until the recession and consequent huge slump in applications in the last 10 years or so made scholarships necessary to entice students. They often seem shocked that it's possible to get a full scholarship to law school now if you just have good enough grades and LSAT scores.

Is there any possibility that, if law school applications rise again, scholarship awards will become less common and/or smaller and the admissions process will go back to how it used to be? Obviously this is hypothetical and not something to stress about yet, but it might be something for people considering putting off law school for a few years to consider. Anyone have predictions or opinions?


Not in the short term. If anything they will keep rising. In the mid or long term it is possible if a second ranking system or even more diffuse rankings (like in business schools) took over than they could indeed regress to earlier levels.


Why do you think they'll keep rising, especially with this cycle's increase in apps? I've been worried about this whole drying up of scholarships thing as well because I feel like I've gotten lowballed at some schools based on MyLSN (though others have been very generous also, so it doesn't seem to be a trend everywhere).


There are many reasons but higher apps could mean higher enrollment meaning more revenue and more of what others have thus been alluding to, i.e. buy strong matrics offset with the others. Strong economy likely means many would be willing to pay increased tuition. I could go on and on.
Last edited by ms9 on Tue Jan 09, 2018 1:09 pm, edited 1 time in total.

User avatar
ggocat

Gold
Posts: 1824
Joined: Sat Dec 13, 2008 1:51 pm

Re: Will scholarship offers ever start drying up?

Postby ggocat » Tue Jan 09, 2018 8:49 am

Without seeing data to back it up, I would not assume that scholarships have increased relative to a decade ago. Hence, I have no reason to believe that scholarships will start drying up if demand for law school increases.

Since most scholarships are funded from revenue, I would not expect a decline in scholarships if demand/tuition increases. Competition for certain lsat scores among schools is not static and should change relative to more applicants with better numbers.

ETA: what Mikespivey says.

User avatar
A. Nony Mouse

Diamond
Posts: 29317
Joined: Tue Sep 25, 2012 11:51 am

Re: Will scholarship offers ever start drying up?

Postby A. Nony Mouse » Tue Jan 09, 2018 8:55 am

38981928 wrote:Why do you think they'll keep rising, especially with this cycle's increase in apps? I've been worried about this whole drying up of scholarships thing as well because I feel like I've gotten lowballed at some schools based on MyLSN (though others have been very generous also, so it doesn't seem to be a trend everywhere).

You can't extrapolate trends from one person's cycle not meeting their expectations.

38981928

Bronze
Posts: 209
Joined: Thu Oct 26, 2017 8:53 pm

Re: Will scholarship offers ever start drying up?

Postby 38981928 » Tue Jan 09, 2018 10:48 am

A. Nony Mouse wrote:
38981928 wrote:Why do you think they'll keep rising, especially with this cycle's increase in apps? I've been worried about this whole drying up of scholarships thing as well because I feel like I've gotten lowballed at some schools based on MyLSN (though others have been very generous also, so it doesn't seem to be a trend everywhere).

You can't extrapolate trends from one person's cycle not meeting their expectations.


Definitely! And I know negotiations are a big part of getting scholarships too and many people get significantly more after a bit of negotiating. I guess I just wanted to manage my expectations when that time comes because the news of the increased apps and increase in 170+ people have made me a little nervous.

GoTigers10

New
Posts: 9
Joined: Tue Jan 16, 2018 5:40 pm

Re: Will scholarship offers ever start drying up?

Postby GoTigers10 » Wed Jan 24, 2018 8:15 pm

When do students typically get scholarship offers? Do schools offer scholarships when they send acceptance emails/notifications or do they come in later like in your acceptance package?

sev

Bronze
Posts: 171
Joined: Tue Jun 06, 2017 10:34 pm

Re: Will scholarship offers ever start drying up?

Postby sev » Wed Jan 24, 2018 8:43 pm

GoTigers10 wrote:When do students typically get scholarship offers? Do schools offer scholarships when they send acceptance emails/notifications or do they come in later like in your acceptance package?

Entirely depends on the school. I've gotten full rides with acceptances (from my safety schools) and others that I have to apply for after February or have interviews for.

NukinFutz

Bronze
Posts: 112
Joined: Sat Jan 06, 2018 10:11 pm

Re: Will scholarship offers ever start drying up?

Postby NukinFutz » Thu Jan 25, 2018 3:38 am

38981928 wrote:
A. Nony Mouse wrote:
38981928 wrote:Why do you think they'll keep rising, especially with this cycle's increase in apps? I've been worried about this whole drying up of scholarships thing as well because I feel like I've gotten lowballed at some schools based on MyLSN (though others have been very generous also, so it doesn't seem to be a trend everywhere).

You can't extrapolate trends from one person's cycle not meeting their expectations.


Definitely! And I know negotiations are a big part of getting scholarships too and many people get significantly more after a bit of negotiating. I guess I just wanted to manage my expectations when that time comes because the news of the increased apps and increase in 170+ people have made me a little nervous.


I understand your angst, however, I respectfully ask: what do meta-trends have to do with you specifically? Whether you are nervous or not, it changes nothing. Develop a strategy for getting schools to re-evaluate your financial aid. Be smart. Put your best foot forward and work it. I have seen some people have great scholarship success, including negotiating after intial offers. Control what you can, which is your end. Stop worrying about conjecture on how much money is out there. Whilst you spend time here pondering how much aid is available - which is both futile and entirely unproductive - more money is given away to people doing what you should be, given your concerns. Best of luck, go get that discount on tuition (not money, because they arent giving you that.... they are giving you a discount...).

38981928

Bronze
Posts: 209
Joined: Thu Oct 26, 2017 8:53 pm

Re: Will scholarship offers ever start drying up?

Postby 38981928 » Thu Jan 25, 2018 11:01 am

NukinFutz wrote:I understand your angst, however, I respectfully ask: what do meta-trends have to do with you specifically? Whether you are nervous or not, it changes nothing. Develop a strategy for getting schools to re-evaluate your financial aid. Be smart. Put your best foot forward and work it. I have seen some people have great scholarship success, including negotiating after intial offers. Control what you can, which is your end. Stop worrying about conjecture on how much money is out there. Whilst you spend time here pondering how much aid is available - which is both futile and entirely unproductive - more money is given away to people doing what you should be, given your concerns. Best of luck, go get that discount on tuition (not money, because they arent giving you that.... they are giving you a discount...).


Thank you! At least for me, it's easy to get trapped in the rabbit hole of panic and stress that is TLS sometimes! I had posted my reply a few weeks ago and since then have gotten some amazing full tuition scholarships in the T14 (and one with a stipend!) so I really shouldn't have been so stressed. I'm still going to negotiate where needed but my worrying was definitely premature and unwarranted!

NukinFutz

Bronze
Posts: 112
Joined: Sat Jan 06, 2018 10:11 pm

Re: Will scholarship offers ever start drying up?

Postby NukinFutz » Thu Jan 25, 2018 11:14 am

38981928 wrote:
NukinFutz wrote:I understand your angst, however, I respectfully ask: what do meta-trends have to do with you specifically? Whether you are nervous or not, it changes nothing. Develop a strategy for getting schools to re-evaluate your financial aid. Be smart. Put your best foot forward and work it. I have seen some people have great scholarship success, including negotiating after intial offers. Control what you can, which is your end. Stop worrying about conjecture on how much money is out there. Whilst you spend time here pondering how much aid is available - which is both futile and entirely unproductive - more money is given away to people doing what you should be, given your concerns. Best of luck, go get that discount on tuition (not money, because they arent giving you that.... they are giving you a discount...).


Thank you! At least for me, it's easy to get trapped in the rabbit hole of panic and stress that is TLS sometimes! I had posted my reply a few weeks ago and since then have gotten some amazing full tuition scholarships in the T14 (and one with a stipend!) so I really shouldn't have been so stressed. I'm still going to negotiate where needed but my worrying was definitely premature and unwarranted!


This is great to hear! Congratulations! Very happy it is all working out for you!



Return to “Law School Admissions Forum?

Who is online

Users browsing this forum: No registered users and 17 guests