Word: tuition
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Dates: during 1980-1989
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Justice Department officials say the schools, mostly "elite" northern colleges, may be illegally sharing information about tuition and financial aid. As a result, they say, the schools may be able to unfairly inflate tuition costs...
They openly acknowledge that financial aid information is shared to prevent an "unethical" bidding war over students. As for tuition-fixing, they say their budgets are made in such an open fashion that shared data is almost inevitable...
There is little difference in total fees between the institutions under investigation. Most charge between $17,000 and $19,500 a year for tuition, room and board...
Smith, along with the other institutions, said it will cooperate fully with the investigation by providing information on how it sets tuition, faculty salaries and student aid, said Janet McNeill, a spokesperson for the college...
...investigation reportedly focuses on the trading of information about tuition increases, faculty salaries and offers of financial...