University of Minnesota Law School has requested a $4.5 million increase for the next three years to its roughly $7.5 million subsidy from the university. Like many law schools that once were cash cows for their parent institutions, Minnesota Law has relied on subsidies to allow it to contract its class to maintain its high admission standards and compete by offering growing financial aid packages.
Clearly, the University of Minnesota benefits from its association with a top-ranked law school and the law school has the potential to become a future ‘cash cow’ again in the future. We just potential applicants to be aware that there is a chance the subsidies could dry up and the school you would be graduating from may be ready to take a tumble in the rankings right around the time you’re looking to enter the work force. (At this time, it appears Minnesota wants to cut subsidies altogether by 2023.)