Word: settlements
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Harvard and the seven other Ivy League schools are still considering whether to take advantage of a recent settlement between MIT and the Justice Department allowing limited cooperation between colleges on financial aid issues, President Neil L. Rudenstine said...
...settlement, reached in late December, ended more than two years of litigation over the issue of financial aid "overlap," the practice of schools sharing information about financial aid awards to prospective students and adjusting those awards...
Under the settlement, colleges are not allowed to discuss or agree upon specific aid awards for individual applicants, but may agree on principles for determining awards and may exchange financial information for verification through a third party...
...settlement was announced December...
...practical effect of the agreement is alsolimited by the fact that many of the provisions inthe settlement were already included in the 1992Higher Education Reauthorization Act. The actallowed colleges to agree together to give onlyneedbased aid and to agree on principles ofprofessional judgment about financial...