This time the form the tale takes is the National Law School Survey, as reported by Karen Sloan, found that the rate rose 4% from last year for private law schools. For the first time, it crossed the $40,000 line. It stands at $40,585. For public schools it rose 6% and stands at $23,590.
The rate of inflation is at 1.79%.
The question being asked is this: Given that during the past two years applications to law school have fallen 25%, then why has the list price fallen also? We do know from other articles that admission offices are bargaining about prices and financial aid in order to get the best and brightest to come to their schools. But it is puzzling why the list price is going up rather than staying flat or going down.