Monday, April 05, 2010

Ultra-High Tuition Watch: Cornell Law School

Last year, UVA Law's 2009-2010 was not announced until around May 5th.  But we here at UVA Law Blog are vigilantly on the look out for signs of ever rising tuition (even ITE) at top law schools around the nation. Well if you think UVA's tuitition is high right now, check out what Cornell dialed for law students next year:

Ladies and gentlemen, Cornell has shot past the $50k mark:
Cornell Law School Tuition and Estimated Living Costs 2010-2011

    JD     LL.M.
Tuition $51,150 $53,850
Room and Board $11,000 $11,000
Books $1,000 $1,000
Personal/Travel $4,900 $4,900
*Health Insurance $1,700 $1,700
Total $69,750 $72,450
For 2009-2010, Cornell Law's tuition was $48,950.  The Big Red are therefore looking at a tuition increase of roughly 4.5%.  To give you an idea, a similar increase here would cause UVA Law's out-of-state tuition to climb from $43,800 to $45,768.54.  But, seeing as the current inflation rate is only 2.1%, we can only hope that our tuition hike won't be as steep.

Aside: Isn't it funny how it's always several clicks in from a school's "Admissions" webpage to find information about tuition?  At both UVA and Cornell, you first have to click on "Financial Aid" and then try to find a (tiny) link about the "Cost of Attendance".

7 comments:

Anonymous said...

Yeah, but scrap the $1,700 health insurance -- w/ Obamacare, if you're under 26, you get to be on mommy and daddy's insurance, right? or does that not kick in till 2038 or some crap?

in any case, i'm sure schools will just hike tuition accordingly, so it'll be a wash.

Anonymous said...

What in the world could possibly justify CORNELL being a market-leader in high tuition? Why would anyone pay that kind of price when Georgetown and Texas are just as good, in better locations, and now cheaper?

Anonymous said...

Maybe they're feeling all high and mighty because of their record applications or something. This shit is getting absurd.

Anonymous said...

Berkeley has higher tuition at $52,200 for 2010-2011, $54,900 for 2011-2012, and $57,500 for 2012-2013.

http://www.law.berkeley.edu/6943.htm

Anonymous said...

However, on a positive note for Berkeley & Cornell students, requiring students to pay $10,000 more in tuition boosts US News rankings. YAY expenditures per student!

Anonymous said...

Cornell only had record applications because they gave out fee waivers to everyone that took the LSAT and their mothers.

Anonymous said...

All Cornell did was raise its "tuition cap"-- we don't know how much the effective increase was because Cornell/Berkeley can always tinker with effective tuition rates via financial aid.
It's all about how much Cornell can can extract from their most marginal students.

And it sounds pretty smart to me-- the "tuition cap" at top schools is definitely too low. How many students at Emory, Boston College, George Washington, Washington & Lee do you think wish they could have gone up to an admissions committee and offered an extra $30,000 on top of full tuition for an acceptance letter? Cornell can easily accommodate similar folks without sacrificing their numbers by playing around with the make-up of their class.

So I wouldn't be surprised if next year a lower % of incoming class were paying full price at Cornell, and if mean tuition (after financial aid) rose significantly less than did the "tuition cap."

I also wouldn't be surprised if Cornell tweaked its strategy in admitting applicants. Perhaps they'll let in more students who are capable of doing well at Cornell but are unlikely to have a shot at a top school-- and are willing to pay full price for that opportunity. People with high GPAs and low LSATs maybe. With the extra cash, they can try to attract higher-end applicants and bump up their numbers, or at least keep their numbers similar while they build up their endowment.