The Wall Street Journal reports that law schools are increasingly offering prospective students incentives to enroll. Some schools are letting students submit applications past deadlines. Others are offering more scholarship money than ever to potential students.
Scholarship money offered by law schools has tripled in the past ten years, jumping from $816 million in the 2008-2009 school year to $1 billion in the last school year alone. The Journal reports that some law schools are even negotiating with prospective students on scholarship amounts.
Law schools this year have been concerned in general about the shrinking pool of applicants. The number of people taking the LSAT has fallen from 171,500 in 2010 to 155,000 last year to 130,000 this cycle, the smallest group since 2001.
A smaller test taker pool ultimately means fewer high-scoring (and rankings-boosting) participants for law schools to choose from. Maryland schools have already been affected, with he University of Baltimore School of Law reporting applicant numbers down 17 percent earlier this year.