I’d like to thank Dave Jackson of Stanford’s Computer Science division for taking the time to record the event and put it up on the Internet. As a CCN student, I feel the dilemma with this argument is I never necessarily consider the trickle down impact will function the way you want it to. Certain, Harvard and Yale, especially Harvard, would have to match Stanford due to the fact you would have to be insane to attend Harvard for $15k extra per year than Stanford and quite crazy to make the very same decision about Yale, but I doubt that CCN would face the stress to reduce fees in the similar way.
Nevertheless, it really is not really hard to visualize how some combination of redirection of endowment monies and a fundraising appeal premised on the eye-catching proposition that SLS is going to take the lead in moving American legal education toward important structural reforms (and become the top rated-ranked law college in the nation in the approach) could shake seven million dollars per year out of the seat cushions.
They weren’t titrated to HLS tuition and I was necessary by HLS to assume my imputed parental contribution (yes, I put myself through college but had not had five years of financial/tax independence, so my operating class parents have been assumed to be in a position to contribute a couple of thousand dollars a year in HLS tuition and when they could not, this was added to my bill).
Yale, Harvard, Stanford, and Princeton (finally) have been in an arms race to retain raising the maximum income that will qualify a student for economic help, but in spite of the fact that the variations between those undergrad schools and other undergrads are far significantly less drastic than the variations amongst YHS and other law schools, no other college has followed suit.
The law school’s endowment isn’t a public quantity, but given that it was supposedly about $270 million 12 years ago, and that more than that same time the university’s basic endowment has almost tripled, a conservative estimate would place it in the $600-$700 million range (HLS’s endowment is stated to be $1.7 billion, while it really is a a great deal bigger school).
Harvard Law College offers a median scholarship quantity of $21,080, which is significantly greater than average compared to all law schools ($15,000). The difficulty is that if Stanford was the very first mover, the revolution would cease at Yale and Harvard due to the fact they truly are in their own category. In the early 1980’s, law school loans at market (double digit, interest accruing straight away, separate loans expected to commence repayment though nonetheless in school) rates were all that was accessible as soon as student loan caps had been maxed.