HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: Brooklyn Law School Faces Debt Downgrade. “Law schools in recent years have seen steep drops in enrollment and tuition revenue and the ratings agency said that trend could continue for the next two years. Brooklyn law has been especially hard hit. Headcount decreased 10% to 1,137 this fall from a year ago and 22% over the last three years, the ratings agency said. Competition for students has led to discounts on tuition.”