According to a study released by Government Accountability Office, we can all gather 'round and blame US News (and its less popular siblings) for the rapid clip of tuition increases in the last few years.
According to my much-loved Tax Prof, the study (which came out Monday) pinpoints rankings, not accreditation, for your big bills.
From the GAO:
"According to law school officials, the move to a more hands-on, resource-intensive approach to legal education and competition among schools for higher rankings appear to be the main factors driving the cost of law school, while ABA accreditation requirements appear to play a minor role."
Prior to these revelations, the Internet was awash in ABA-blame for the problems modern law schools face. Instead, unsurprisingly, it is not the gargantuan, antiquated bureaucracy that is to blame, but the trend-obsessed and more nimble law school administrations that have subjected their institutions to the whims of PR.
Of course, to add to the absurdity, as ATL calls it, this last week has seen news that federal loan levels are remaining stagnant even as tuition prices inflate. Where are you all getting the money to feed the US News monster? It's certainly not coming from your state government, anyway.