Submission Title

The Effect of Net Costs on Yield Rates of U.S. Private Law Schools

Subject Area

Economics

Description

In this paper, we define a law school’s net cost as tuition and fees plus living costs minus grant aid and estimate the effect of net cost on yield rates at private law schools. Our data is drawn from Standard 509 Reports for 51 ABA-accredited private law schools with LSAT scores from the 25th and 50th percentiles over the academic years 2011-2012 and 2016-2017. We use fixed effects to control for school and year-specific effects. The results indicate that each 1% increase in net cost is associated with an approximate 0.2% decrease in the yield rate.

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The Effect of Net Costs on Yield Rates of U.S. Private Law Schools

In this paper, we define a law school’s net cost as tuition and fees plus living costs minus grant aid and estimate the effect of net cost on yield rates at private law schools. Our data is drawn from Standard 509 Reports for 51 ABA-accredited private law schools with LSAT scores from the 25th and 50th percentiles over the academic years 2011-2012 and 2016-2017. We use fixed effects to control for school and year-specific effects. The results indicate that each 1% increase in net cost is associated with an approximate 0.2% decrease in the yield rate.