In 2005, before the Great Recession there were plans at many universities to institute law schools, as you say the costs are low, you need a library and a bunch

In 2005, before the Great Recession there were plans at many universities to institute law schools, as you say the costs are low, you need a library and a bunch of lecturers, and you would have a profit center for the institution. Trouble is, there has been an oversupply of lawyers. Salary distribution is bimodal, biglaw pays entirely different than smalltown law, and with a degree from a random backwater it's guaranteed that you'll never make it into biglaw. Those plans would have been an invitation for students to get into debt that they'd never be able to repay. (We are seeing a re-run, this time with pharmacy schools.) Medicine is a cost center for universities, so medical degrees are expensive. But in a functioning society you need physicians, and no medical graduate with a choice will settle in rural Mississippi. What I'm saying here is that education as a market is not a good model to have.