Word: aid
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Dates: during 1980-1989
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...wait. The term "unethical bidding war"--really the crux of the public-good argument--deserves a strong airing out. First assume its validity. How does the protection of undergraduate financial aid justify the possibility that schools collude in setting faculty labor costs together, a separate issue involving separate individuals? Can we contradict collusion charges when the most expensive schools jointly hike costs faster than inflation? Further, how can it be ethical to set a common price--the Ivy League schools with the exception of Cornell all cost between $19,000 and $19,500--when housing costs, facilities costs and research...
Unfortunately, it's too much even to take the universities' ethical claim of avoiding a "bidding war" at face value. First use common sense. When setting financial aid packages together, the overlap group of schools is plainly more likely to decide on a lower award, not a higher one. The whole point of meeting is of course to save money...
...their students. Implicit in the colleges' argument is the assumption that education at all these schools is of equal value and hence should not be sold to the "highest bidder. Yet, in a competitive system, the same number of students would accept admission, and the rule of "need-based" aid should insure that the most money would go to the most needy students...
...voted to support the initiative petition of the Massachusetts Municipal Association that would set aside 40 percent of the state's growth tax for aid to cities and towns...
...important issue, but I would like to call to your attention that there are a multitude of other issues which deserve equal discussion," Walsh's reply reads. Among the other issues Walsh cited were taxes, the fiscal difficulties of the Cambridge Hospital and the recent cuts in state aid to the city...