Law School Applicants: Beware of Merit Scholarships

The New York Times has exposed another case of “obtuseness” AKA lack of transparency in law school administration. This time, in “Law Students Lose the Grant Game as Schools Win,” David Segal sheds light on the risky business of merit scholarships. Essentially, a large—yet unpublicized—number of law students lose scholarships each year if they don’t meet the required academic stipulations. According to the ABA, in 2009 more than one in four law students were on merit scholarships. And the prevalence of these scholarships has increased tremendously in the past generation.

Segal attributes this rise to law schools’ obsession with U.S. News rankings: “Unlike undergraduate colleges, law schools share far more similarities than differences, particularly in the first-year curriculum. So a lot of schools regard the rankings as their best chance to establish a place in the educational hierarchy, which has implications for the quality of students that apply, the caliber of law firms that come to recruit, and more.” Since the algorithm used by U.S. News relies heavily on academic credentials—such as, GPA, LSAT score, and bar passage rate—schools are, according to Segal, “buying smarter students to enhance their cachet and rise in the rankings.

Whatever the motivations are, it seems that the larger issue lies yet again with the lack of clear information. Prospective law students may be told that their merit scholarships are contingent on maintaining a certain GPA, but they’re not fully aware of what that contingency entails. Most law schools grade on a curve, especially in the first year, practically ensuring that a number of students will not make the cut and lose their scholarships.

And as is explained in the WSJ Law Blog, “Students accuse some schools of a bait and switch by offering high-paying scholarships without fully informing prospects of the likelihood that they will be able to do well enough to keep the scholarships. […] If students lose their scholarships, of course, they are in a particularly difficult pickle, because they likely will have to shell out money to complete a degree at a school that they may not have attended but for the now phantom scholarship.” This leads to a crucial point not elaborated on in the NYT, that many law applicants specifically choose a lower-ranked school due to scholarships. Imagine the frustration when at the end of three years these grads not only owe thousands of dollars, but to a school with less prestige than others they had turned down.

This issue has created much debate over who really are the victims here. Above the Law explores both sides, as some argue that the “situation is a result of prospective law students failing to do their due diligence in researching the terms of their scholarship and the curve at their school,” while others feel the problem “has to do with expectations and a lack of disclosure.”

This lack of disclosure is being addressed by the ABA, which is “considering requiring schools to disclose the percentage of students who lose merit scholarships following their first year,” The National Law Journal reports.

And where does U.S. News stand in all of this? In his Morse Code blog, Robert Morse defends the magazine: “Law schools need to take far more direct responsibility for their policies instead of citing the oft-repeated claims that they are forced into these actions solely because U.S. News exerts so much power over law school behavior.Above the Law takes this response as a good sign: “The tide has turned; pretty much the only people who believe that it’s still cool to mislead prospective law students are people who work for law schools.” Now, if only they can come around…

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MBA Action Plan, Part 5: School Research

  

Based on your goals and qualifications, you can now intelligently choose schools. Look at specialty rankings (U.S. News, BusinessWeek) for a quick start but don’t rely on them blindly. Go thoroughly through school websites. Read student blogs. Talk to current students and recent alumni.

Generate a list of schools that fall into one of the following three categories—reasonable reaches, on-pars, or safeties. It’s best to choose at least one school from each category, though some may want to apply to more (applying to six or seven total is about average).

Here’s a breakdown of these three categories:

  • Reasonable reach – Acceptance to your reasonable reach is a bit of a stretch, but not impossible. A strong application could make your reasonable reach a reality.
  • On-par – You have a solid chance of getting into your on-pars with a good application. Your scores and experiences make you a competitive candidate for these schools.
  • Safety – You should have no trouble getting into the safety schools on your list. (Don’t be too cocky though; slacking off and turning in a half-filled-out application will get you dinged even at the schools in this category!)

When determining which schools fall into which categories you’ll need to keep in mind the following: How does your GPA and GMAT score measure up with the averages of your target school? Are your skills and experiences particularly well matched with your target school? Are your goals in line with one school more than another? Look at the class profile for accepted students to your target programs to see how you measure up. Would you fit in?

Once you can answer these questions, you will have generated a realistic list of schools to apply to—and the more realistic your list, the better your chances are of gaining acceptance to at least some of them, if not all.

Like the advice you see in this post? Download Accepted’s new special report, MBA Action Plan, for more practical tips on what you can do now to increase your chances of getting in to a top business school next year. (P.S. It’s free!)










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Most Popular Law Schools

In addition to its overall law school rankings, U.S. News has ranked the country’s 10 most popular law schools as well. This list was determined through an analysis of yield: “the percentage of students accepted by a school who opt to attend that school.”

Yale, #1 in the general law school rankings, topped this list as well, with a yield of 80.4%. Along the same lines, Harvard took the #3 spot in the popularity list, as it occupies #2 in the overall rankings.

However, the other three schools in the top five most popular don’t necessarily correlate with U.S. News’s general list: BYU Law at #2 (ranked 42 overall), and Southern University Law Center and Liberty University School of Law at #4 and 5, respectively (both in the “Rank Not Published” tier).

Above the Law sheds light on this seeming incongruity, specifically that these popular schools—not usually highly ranked—“have very distinctive characters and missions.” BYU offers a “legal education in the Mormon tradition,” SULC aims to provide “access and opportunity to a diverse group of students from underrepresented racial, ethnic, and socio-economic groups,” and Liberty teaches “in the context of the Christian intellectual tradition.” Therefore, those applying and committing to these law schools are students searching for a more specific academic environment.

Plus, as Above the Law points out, “the applicants they admit might not have many other options in terms of law schools. Yield doesn’t measure how many schools an applicant turns down; it just measures how many admitted applicants decide to matriculate.

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LSAT Test Prep Companies

MBA Admissions News Round Up





  • Last week Wharton launched a new educational website geared towards high school students, Knowledge@Wharton High School. The site will teach high schoolers about business practices and keep them up-to-date with relevant business news. Wharton professors will also have a space on the site to post their lesson plans. The aim is to teach high school students “financial literacy,” explains Roberta Shell, the managing director of the program. The website is the first of its kind among other top universities. (Source: “Wharton shares business savvy with high-schoolers,” theDP.com)
  • Another article about the Wharton School (this time from London’s Times Higher Education) focuses on the changes the top b-school has made to increase its global footprint. The MBA program has established week-long modules that take students to places around the globe and that provide them with a first-hand look at global business issues. An emphasis on social impact is another key element to Wharton’s recent curriculum overhaul and is further discussed in the article.
  • Last but not least, BusinessWeek recently published an article about how to make the most of business school rankings, a subject that we at Accepted.com have discussed quite a bit (for example, see our free special report, MBA Rankings). According to the BW article, b-school applicants rely too heavily on the published rankings — that is, the numbered position of each school on the list — rather than the information that accompanies the rankings. Linda Abraham, CEO of Accepted.com, is quoted in the article saying, “Stop thinking of them as rankings of anything. They are collections of data and surveys. They are opinions.” Later on in the article Linda advices applicants to use the information only in their preliminary school research and only alongside additional research like the programs’ websites and conversations with students and alumni. Please read the BW article and the MBA Rankings special report for more information on how you should approach the rankings.

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Law School Rankings and their Repercussions

 

The National Jurist has taken a closer look at the negative effect of rankings on today’s law schools. Or, more precisely, the negative effect of pandering to rankings. While many were shocked at the whole Villanova debacle, plenty of others were just surprised that it was all made public—insinuating that a school reporting false information to increase their ranking wasn’t really news at all.

According to Paul Caron of TaxProf, “legal education’s governing bodies should take action.” Perhaps instead of schools self-reporting their LSAT and GPA data, the ABA can use the information provided by the LSAC, which has more inherent validation.

As the rankings have become more powerful, law schools have felt more pressure to maintain or increase their ranking. Many have placed more emphasis on LSAT and GPA stats, “turning the art of admission into a formulaic effort to get high median numbers.” They have also “reallocated need-based financial aid to merit-based aid for students who were above the school’s target median LSAT and GPA numbers.” And, some schools have even admitted smaller numbers of full-time students, but with high scores, and then brought in more part-time or transfer students, whose stats don’t affect their rankings.

Although deans have tried to take a stand, urging prospective students to pay less attention to the “inherently flawed” rankings, their message becomes easily contradicted when they publicize their schools’ recent jump in the rankings. Yet, are the deans really to blame, or are they merely stuck in this challenging situation?

William D. Henderson and Andrew P. Morriss pose this question, and find the rankings themselves mostly at fault with far-reaching consequences: “We think the conflation of merit and test scores strongly incentivizes narrow-minded attitudes and behaviors among undergraduates that must be shed before someone can become a truly effective lawyer and counselor.”

They also mention employment statistics as an example of law schools gaming the numbers, and make a serious call for some much-needed action, as the “mere existence of a credible enforcement system would virtually eliminate the problem.” They propose some constructive solutions, even going so far as to suggest involving the state supreme courts, Congress, and the Department of Justice if no action is taken. Let’s hope that drastic step won’t be necessary.  

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U.S. News’ Best Business Schools 2012

 

 

U.S. News just released its 2012 MBA rankings just a few hours ago, and with them, a number of good articles and resources. First we’ll give you the top 20 best U.S. business schools, and then we’ll direct you to some of the meaty articles.

2012 Best Business Schools

1. Stanford GSB

2. Harvard Business School

3. MIT Sloan

3. Pennsylvania Wharton

5. Northwestern Kellogg

5. Chicago Booth

7. Dartmouth Tuck

7. UC Berkeley Haas

9. Columbia

10. NYU Stern

10. Yale SOM

12. Duke Fuqua

13. UVA Darden

14. UCLA Anderson

14. Michigan Ross

16. Cornell Johnson

17. Texas McCombs

18. CMU Tepper

19. UNC Kenan-Flagler

20. Washington Olin

For more information please see:

  • The Sustainable MBA” – This article highlights the ways in which the MBA degree has gone green. Courses that used to focus on finance and profit now focus on those things as well as on how they relate to larger social and environmental issues. A number of programs have sprung up around the country that focus on sustainability. Buzzwords include “impact investing” and “social entrepreneurship.”
  • Reinventing the MBA” – This article is about the goals business educators are working to bring about, mainly “to de-emphasize traditional discipline-based courses like marketing and finance in favor of a focus on leadership skills, innovation, social responsibility, and a global perspective.” Many top schools are introducing new curricula that focus more on leadership development.
  • Business School Ranking Methodology” – Please see this article for details on how the business school rankings were determined.

For a better understanding of why the data behind the rankings is much more valuable than the rankings themselves — a view I have espoused for years — please see “Winners and Losers in the 2011 US News Rankings.”

Discover the answers you need to interpret the MBA rankings and learn how to use them to evaluate top MBA programs around the world by downloading Accepted.com’s FREE special report MBA Rankings now!

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New Law School Rankings Take Price into Account

While many turn to the U.S. News rankings when determining the value of a law school, Malcom Gladwell points out at least one significant omission in U.S. News’s calculationsaffordability, TaxProf Blog reports. According to Gladwell, “[G]iven that the rising cost of college has become a significant social problem in the United States in recent years, you can make a strong case that a school ought to be rewarded for being affordable.” Gladwell thus came up with his own ranking system based on three factors: 40% value for the dollar, 40% LSAT scores, and 20% faculty publishing.

Below are his top ten law schools:

  1. Chicago
  2. BYU
  3. Harvard
  4. Yale
  5. Texas
  6. Virginia
  7. Colorado
  8. Alabama
  9. Stanford
  10. Penn

With BYU at #2 and NYU at #33, something seems amiss here. While affordability should be a contributing factor, perhaps Gladwell’s breakdown omitted some crucial elements as well. All rankings should be taken with a grain of salt. 

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The Rocky Road to Law School Transparency

 

 

Finally, some progress on the transparency issue. The Young Lawyers Division of the American Bar Association has recently adopted the Truth in Law School Education resolution: “a six-point resolution urging law schools to beef up the availability and accuracy of information on the cost of legal education and the job and salaries of graduates,” as reported by New York Lawyer.

The resolution urges law schools to present median salary statistics for various employment categories, versus the single median that had been presented previously. Schools are also encouraged to designate in acceptance letters and on their Web sites percentages of graduates in temporary, part-time, and full-time positions. Plus, the schools are called upon to share the “actual” cost of legal educationaverage living expenses and per-credit costs.

The resolution goes even further, pushing for law schools’ compliance with the conditions to be a requirement by the ABA, and having its annual survey include more detailed job information. Although the resolution won’t be heard by the ABA’s House of Delegates until August, the annual questionnaire is being overhauled in the meantime.

While the ABA seems to be stepping up in the fight for transparency, Law School Transparency is facing a setback. According to The National Law Journal, Ave Maria Law School has decided not to share their employment info with LST. The only school that had agreed to participate in LST, Ave Maria has now gone back on their word. As Dean Eugene Milhizer explained, “Since our earlier indication that we would provide data, the ABA has undertaken concrete action to address this issue, and we are satisfied that meaningful steps are in motion.”

Undiscouraged, LST remains steadfast in its push for transparency. Besides appealing to schools to complete its employment survey, LST also encourages schools to make their standard employment stats accessible earlier, so that students are able to consider the info before committing to a particular school. 

And, in recent news, it looks like U.S. News is finally coming around on the issue as well. As Robert Morse reveals in his Morse Code blog, the magazine has changed its calculation methodology for employment rates used in the upcoming law school rankings, and the website will also disclose more detailed employment data. More specific information is not provided, but the 2012 Best Law School rankings will be released on March 15, 2011.

As U.S. News editor Brian Kelly wrote in a letter to law school deans: “Whatever the ABA’s ultimate decision, we would urge you to make sure that the information your school is reporting is as accurate as possible, and to consider going beyond the current industry standards. Perhaps we need metrics besides total employment rates to evaluate a successful law program. More data—on employment or other topics—is a positive factor for our readers and your students.” 

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Villanova Law Sent ABA Incorrect Admissions Info

 

As reported by New York Lawyer and Above the Law, Villanova University School of Law had knowingly sent inaccurate admissions statistics to the American Bar Association prior to 2010. Dean John Gotanda acknowledged this issue in a letter sent out to students. The university has conducted an internal investigation, and believes that the inaccuracies were just regarding GPA and LSAT scores, and the data for 2010 was correctly reported. The school said in a statement that “the university is working closely with the ABA, which is fully aware of this situation and Villanova’s committed response to it.”

Robert Morse, in his U.S. News blog, verified that the magazine had received and published this incorrect data as well, assuming its accuracy. Nevertheless, “U.S. News has given careful consideration to this issue and has decided we will not change our long-standing policy of not revising previously published rankings.

Gotanda has certified the accuracy of Villanova’s 2010 admissions data, which Morse notes is significantly different from the false data from previous years. Villanova’s median LSAT score for its fall 2010 entering class was 160, versus the inaccurate 162 reported for the 2009 class. The 2010 class had a median undergrad GPA of 3.33, as opposed to the 3.44 incorrectly reported for the 2009 class. Morse asserts that the new data will likely “have a meaningful negative impact on Villanova’s upcoming ranking.” 

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Law School Rankings Unaffected by LSAT Issue

With all the news surrounding the ABA’s decision to consider making the LSAT optional, how will the U.S. News law school rankings be involved? Robert Morse addresses this issue in his blog, Morse Code, even though he notes that “this potential change is a long way from happening.”

Morse acknowledges the significance of the LSAT score in the rankings, as it is weighed at 12.5 percent of the overall ranking, according to their rankings methodology. As Morse elucidates, “We believe that comparing law schools on their students’ LSATs and undergraduate GPAs is the most direct way of determining which schools have enrolled the ‘best and brightest’ students—and therefore will remain important criteria in determining which are the nation’s top law schools.”

Morse reasons that even if the LSAT is made optional at some schools, most students will continue to take and submit the test. He adds that the LSAT “has been proven to be the best and most reliable predictor of first year success at law school. With that in mind, U.S. News will continue to conduct the annual law school rankings, and the LSAT will remain a heavily weighted factor.

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