Rubenstein?
Posted: Tue Feb 05, 2013 9:26 pm
Does anyone have knowledge about the scholarship continuing after the class of 2016?
Law School Discussion Forums
https://www.top-law-schools.com/forums/
https://www.top-law-schools.com/forums/viewtopic.php?f=15&t=203789
Remember that they are probably giving Rubies to people who would have gotten substantial scholarships otherwise (they likely aren't 10M over expected scholarships without the ruby).Regulus wrote:No mention has been made of it lasting past this cycle. It even says here that it was only for 3 years starting with the class of 2014.
Also, if you assume that tuition has been approximately $50,000 per year and there has been a $10,000 living stipend, you get $60,000 per year x 3 = $180,000. Because 60 students over the three years of the scholarship will receive a Ruby, you get 60 x $180,000 = $10,800,000... so it actually looks like they're over budget by $800,000 (the gift from Rubenstein was $10,000,000). Then again, these are just approximate calculations, but we can assume that the money is pretty much spent after this year.
Supposedly they couldn't even find 20 people to take those schollies, at least in the first year. The ABA data seems to match up with that:Regulus wrote:No mention has been made of it lasting past this cycle. It even says here that it was only for 3 years starting with the class of 2014.
Also, if you assume that tuition has been approximately $50,000 per year and there has been a $10,000 living stipend, you get $60,000 per year x 3 = $180,000. Because 60 students over the three years of the scholarship will receive a Ruby, you get 60 x $180,000 = $10,800,000... so it actually looks like they're over budget by $800,000 (the gift from Rubenstein was $10,000,000). Then again, these are just approximate calculations, but we can assume that the money is pretty much spent after this year.
The ABA data is either wrong or does not refer to a year containing the class of 2014 (no idea why, but there were more than 8 Rubys that year). Chicago was a couple under budget, but only a couple. There is talk of them continuing the program after this year, but that is dependent on donations. Whether they will be able to is anyone's guess.Tiago Splitter wrote: Supposedly they couldn't even find 20 people to take those schollies, at least in the first year. The ABA data seems to match up with that:
https://officialguide.lsac.org/Release/ ... spx?sid=29
So maybe there is something left, especially when you consider interest on the original gift.