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1991: Ivy League Gives Up Sharing Financial-Aid Data

May 30, 2016

50 Years of Covers

In November 2016, The Chronicle of Higher Education will mark its 50th anniversary. To lead up to the occasion, we’ve chosen front pages featuring some of our reporting on key events in higher education and capturing the zeitgeist of the nation’s colleges and universities over the years.

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 Acceding to pressure from the Justice Department, the Ivy League’s eight colleges agreed to stop sharing information on the financial-aid packages offered to accepted applicants. The department, which had conducted an antitrust investigation of almost two dozen private colleges, had threatened to take them to court. Since then competition for top students has grown ever fiercer, chiefly through the use of merit-based financial aid. Need-based aid, by contrast, hasn’t kept pace, although the effects of this deal in that regard aren’t clear. (The Massachusetts Institute of Technology, for its part, chose to face federal prosecutors in court; the charges were eventually dropped.)