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.)
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