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Financial Aid Conspiracy
#1
Apparently, a bit of a lawsuit has begun.
16 Ivy League and elite universities sued for alleged financial aid conspiracy (msn.com)
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#2
(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.
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#3
https://www.nbcnews.com/news/us-news/16-...-rcna11643
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#4
Here's some more details on the case
https://www.insidehighered.com/admission...admissions
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#5
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.
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#6
Follow up
https://www.bloomberg.com/news/articles/...ancial-aid
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