The ABA has announced the creation of a new task force on financing legal education. It will be led by Dennis Archer, the former Mayor of Detroit, and includes Incoming Dean Luke Bierman (Elon), Dean Rachel Moran (UCLA), Professor Philip Schrag (Georgetown) and Dean Robert Wilcox (South Carolina), among others.
From the ABA Press Release:
The task force is charged with looking at the cost of legal education for students, the financing of law schools, student loans and educational debt. It will also consider current practices of law schools regarding the use of merit scholarships, tuition discounting and need-based aid.
“As law school tuitions and educational debt loads increase at the same time employment opportunities for recent graduates are constrained, the ABA needs to lead a thorough examination of the financing of legal education and law schools,” [ABA President James] Silkenat said. “Members of the ABA Task Force on the Financing of Legal Education will conduct a comprehensive study of the complex economic and political issues involved and produce sound recommendations to inform policymakers throughout the legal community.”