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Law School-Administered Financial Aid: The Good News and the Bad News

Item

Title

Law School-Administered Financial Aid: The Good News and the Bad News

Date

2017

Bibliographic Citation

67 J. Leg. Ed. 4 (Autumn 2017)

Abstract

In 2015, the ABA Task Force on Financing Legal Education reported a vast increase in law school-administered financial aid over the previous ten years. Financial aid administered by law schools was even the most rapidly rising cost factor for law schools collectively. At first glance this increase might seem like some good news for persons sharing my values and worldview. Historically financial aid has been associated with helping the financially needy, encouraging them and members of underrepresented identities to attend law school, and helping make it possible for students who want to devote their careers to low-paying, public-interest-oriented work to achieve their dreams. In fact, however, as the task force makes clear, almost all the increased financial aid is being awarded to applicants with high LSAT scores and high undergraduate GPAs - what is called "merit" these days. Any correlation between the beneficiaries of increased financial aid and the kinds of students who traditionally benefited from law school-administered financial aid is purely coincidental.

SSRN URL

Keywords

Legal Education
Financial Aid
Law School Administered Financial Aid
Law School
Law Graduate Student Debt
Student Debt
Student Loan Forgiveness
LRAP
Loan Repayment Assistance Program