Positively, this could force schools to make their tuition rates more reasonable. But it does leave the power and decisionmaking in the hands of the schools. Will students have to forego attending better, more expensive schools in favor of lower ranked cheaper schools? That worked for undergrad - but employment statistics in law school pretty strongly correlate with rank (in the T25-30ish areas at least). If schools don't lower tuition, there could be some issues here.

I'm on a 75% tuition scholarship and would still be pretty close to that 28k/yr figure if you factor in my living expenses. Wouldn't this bar low income families from sending their kids to law school? Law is a unique profession, where equal representation is actually pretty important. This could put law school back to its WASP roots (and I don't mean that derogatorily - it really did used to be almost exclusively that demographic).

Additionally, getting rid of PSLF would devastate the PI sector.