Tuesday, October 23, 2012
In IHE. This article reports that NYU will now require a "financial literacy" course for all 1Ls. That seems an important kind of course to make available to law students, but to require it seems to involve an assumption about career paths that isn't warranted.
The IHE article repeats the usual complaint that the cost of legal education is already "too high," so that new initiatives like this only raise costs. It's perhaps worth noting that we don't really know what direction the actual cost of legal education is moving in. The anecdotal evidence of the extent to which schools are offering financial incentives to get students to enroll suggests that the "official" tuition rate is even less indicative of the actual cost than it was just a few years ago.