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Financial Aid Conspiracy - Alpha - 01-10-2022
Apparently, a bit of a lawsuit has begun.
16 Ivy League and elite universities sued for alleged financial aid conspiracy (msn.com)
RE: Financial Aid Conspiracy - uncapentin - 01-10-2022
(01-10-2022, 10:15 PM)Alpha Wrote: Apparently, a bit of a lawsuit has begun.
16 Ivy League and elite universities sued for alleged financial aid conspiracy (msn.com)
Sadly, I wouldn't be surprised if it's true.
Lawsuit accuses 16 top universities of financial aid conspiracy - Imbanewbie - 01-17-2022
https://www.nbcnews.com/news/us-news/16-ivy-league-elite-universities-sued-alleged-financial-aid-conspiracy-rcna11643
RE: Financial Aid Conspiracy - Alpha - 02-17-2022
Here's some more details on the case
https://www.insidehighered.com/admissions/article/2022/02/17/plaintiffs-expand-antitrust-suit-over-college-admissions
RE: Financial Aid Conspiracy - ss20ts - 02-17-2022
Endowments have restrictions on how those moneys can be used. They're not typically available for spending however one wants. An endowment may be stipulated that it is to be used only for the construction of a new art studio or new art building. Endowments are like trusts and how they're restricted in use. I have no doubt that many schools are price fixing and financial aid fixing. But the endowments are separate entities. I'm the first one to complain that Harvard has over a billion dollars stashed away, but it's endowed so they can't just use it for anything they want.
RE: Financial Aid Conspiracy - Alpha - 10-07-2022
Follow up
https://www.bloomberg.com/news/articles/2022-07-07/us-backs-student-antitrust-suit-over-elite-college-financial-aid