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<p>It’s really pretty simple. Schools can’t charge more in tuition than students can afford to pay. You can’t charge $45K a year if almost none of your prospective students have access to that kind of money.</p>
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<p>I don’t think very many people borrow money for law school with the expectation that they will be worse off. As it turns out, students aren’t great at figuring out whether borrowing money to attend law school is going to make them better off, though a significant part of the problem is misleading information coming from schools.</p>