NEW YORK (MainStreet) In the price war over law school costs during a time of student loan sticker shock, state schools may be the ones to blink when it comes to tuition give-backs. Those looking to fill out graduating classes may have few alternativesespecially with law school students loans routinely topping six figures.
A case in point is University of Arizona College of Law, where a second round of tuition cuts is expected this fall. Out-of-state students will pay $29,000, a roughly 30% reduction over the $38,841 charged during the fall of 2013, according to an Arizona Board of Regents report last month. It's also about half the price of the priciest public law schools over the border in California.
Dean Marc Miller of the University of Arizona College of Law told the Arizona Daily Star that the school isn't trying to undermine its peers.
"We're responding to the market in changing times," he said. "It will have more students looking at us more seriously early on."
"The drastic decrease in law school applicants nationally since 2008 means a much more competitive environment for attracting the best students from Arizona and beyond," said the University's proposal for the change in non-resident fees. The new fee structure was recently approved by the Arizona Board of Regents, which oversees the state's public universities.
The University of Arizona is following a trend, however, not starting one. In the last year alone, Brooklyn Law School, Penn State Law School, La Verne College of Law and the University of Iowa College of Law have cut prices in a similar tuition fire sale.