Event Title
Developing Sustainable Funding Models for Legal Education
Location
FIU College of Law, Grand Courtroom
Start Date
12-4-2018 1:45 PM
End Date
12-4-2018 3:00 PM
Chair and Moderator
Wendy Perdue, Dean, University of Richmond School of Law and President, AALS
Description
In a world where law graduates significantly outnumber available law jobs and entry-level salaries have declined in real terms, the value proposition of the law degree no longer holds for many law school graduates. Further, it appears likely that the current Income Driven Repayment options for federal student loans, which have masked the decline in the value proposition, will become less generous, and that there will be greater reliance on private borrowing by students to finance their legal educations. The federal Public Service Loan Forgiveness program may be eliminated. These emerging realities further complicate efforts to increase diversity and access to the profession. At the same time, law schools have limited control over the cost of their programs. How can law schools adapt their funding models to meet these new realities?
Developing Sustainable Funding Models for Legal Education
FIU College of Law, Grand Courtroom
In a world where law graduates significantly outnumber available law jobs and entry-level salaries have declined in real terms, the value proposition of the law degree no longer holds for many law school graduates. Further, it appears likely that the current Income Driven Repayment options for federal student loans, which have masked the decline in the value proposition, will become less generous, and that there will be greater reliance on private borrowing by students to finance their legal educations. The federal Public Service Loan Forgiveness program may be eliminated. These emerging realities further complicate efforts to increase diversity and access to the profession. At the same time, law schools have limited control over the cost of their programs. How can law schools adapt their funding models to meet these new realities?