Publication | June 12, 2008

Time to Reexamine Institutional Cooperation on Financial Aid

Over the past two decades, colleges and universities have increasingly engaged in financial aid “bidding wars” for students with high test scores or grades but little or no financial need. A new white paper suggests that colleges could free up significantly more funding for need-based financial aid if they could legally work together to curb these bidding wars. The white paper includes an opinion from a leading antitrust law firm that reviews the current legal environment around this issue and suggests ways of allowing more cooperation to benefit needy students.