BATON ROUGE, La. (AP) — LSU's Law Center is offering an incentive to seven professors if they retire next summer as it looks to cut costs amid a dwindling interest in law schools nationally.

The professors, all older than 65 and tenured faculty members, have until Monday to decide whether they will retire June 30 and get paid a bonus of roughly a year's salary in return.

Law Center Chancellor Jack Weiss told a recent LSU Board of Supervisors meeting that the cuts are part of a necessary effort to provide additional financial flexibility for the Law Center.

The LSU Law Center's fall 2014 enrollment is about 570 students.

The Advocate reports the LSU Law Center's tuition has gone up. Tuition today is about $20,997 a year.