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ElwoodBlues · M
Congrats to MIT for standing up for academic integrity!!
Reminds me of the time MIT alone stood up against anti-trust accusations, while the eight Ivies signed a consent decree. Here's an AI overview.
Reminds me of the time MIT alone stood up against anti-trust accusations, while the eight Ivies signed a consent decree. Here's an AI overview.
The accusation: In 1991, the Department of Justice sued MIT and the eight Ivy League universities for engaging in "Overlap" meetings, where they would collectively set financial aid awards for students admitted to multiple institutions. The government argued this constituted price-fixing and violated the Sherman Antitrust Act.
The justification: MIT and the other schools claimed this practice, which had been ongoing since the 1950s, was a form of charity that allowed them to provide need-based financial aid to a wider range of students by preventing "bidding wars" for top applicants.
. . .
The Department of Justice ultimately dropped the case against MIT in 1994. The settlement included guidelines for how universities could cooperate on need-based aid, provided they maintain need-blind admissions policies.
The justification: MIT and the other schools claimed this practice, which had been ongoing since the 1950s, was a form of charity that allowed them to provide need-based financial aid to a wider range of students by preventing "bidding wars" for top applicants.
. . .
The Department of Justice ultimately dropped the case against MIT in 1994. The settlement included guidelines for how universities could cooperate on need-based aid, provided they maintain need-blind admissions policies.