The tuition for in-state students attending the college of law at The University of Toledo is being slashed by 13 percent, according to The Toledo Blade. The tuition cut is for students who enter the law school beginning in 2015.
Daniel J. Steinbock, the dean of the law school, said that the cut in tuition was needed to make the school more competitive.
“I think people decided law school was not going to give them a return on their investment. The main reason we are reducing our tuition is to make law school a better investment,” Steinbock said.
The number of applicants to the UT college of law dropped to 475 this year after 1,400 applied just three years ago.
Students currently pay $20,579 to attend the UT college of law, but that number will drop to $17,900 in the fall of 2015.
“This is a response to a national trend that has seen applications drop at schools across the country. At some point the market responds to the price,” said Nagi Naganathan, UT’s interim president.
Steinbock told the UT board of directors that other schools in the country have dropped their tuition for law school because of declining enrollment. Those schools include Iowa State, Penn State and Arizona.
Over the past 10 years, law school education at the University of Toledo has increased by 80 percent. In the 2004-2005 academic year, legal education at the school cost $11,511. In 2014, the cost of legal education comes in at $20,579.
The associate dean for academic affairs and a law professor at the college of law, Kenneth Kilbert said that decreasing the tuition is a low-risk idea. He said that by lowering the tuition, the school should see an increased enrollment in the near future. There have not been any other law schools in Ohio to lower tuition for in-state students and Kilbert said that “this will distinguish us from the pack.”