From the News-Sentinel:
Indiana Tech Arthur Snyder said the university has lost $20 million on the law school and, given projected enrollments, expected the deficit to continue. “This was an extremely difficult decision for all involved," Snyder said. "Over the course of time it has become apparent that the significant decline in law school applicants nationwide represents a long term shift in the legal education field, not a short-term one. Specific to Indiana Tech, the assessment of the Board and our senior leadership team is that for the foreseeable future the law school will not be able to attract students in sufficient numbers for the school to remain viable.”
Indiana Tech Law School currently has a total of 71 students, and Snyder said they will have the option to complete the year, with those in their third and final year having the ability to graduate from the law school in May. First and second year students will have the option to transfer to other law schools at the start of the January 2017 semester, or to complete the year at Indiana Tech Law School and then transfer for the start of the fall 2017 semester.
Chris Mackaronis, a Washington, D.C., attorney representing one of the faculty members affected, said the university’s Board of Directors had recently voted unanimously to close the school at the end of the academic year in June 2017. The vote, he said, conflicts with years of representations to the students, faculty and the American Bar Association regarding the university’s commitment to pursue full accreditation and long-term success for the law school.