As a result of a shrinking application pool, law schools collectively lost about $1.5 billion annually in tuition revenue from 2010 to 2016, according to a forthcoming study.
On average, in 2016, law schools enrolled about 30 percent fewer students and their LSAT scores dropped by 7 percentiles compared to six years prior. Average net tuition also fell by about 6 percent.
“I didn’t fully apprecia...
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