Word: antitrusters
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PHILADELPHIA--The Justice Deparment has added Princeton University, Wellesley College and two other schools to its investigation of antitrust violations in college financial aid policies, The Philadelphia Inquirer reported yesterday...
...investigation--which involves about 20 prestigious schools, including Harvard--is aimed at determining whether schools can confer with each other to offer students similar financial aid packages. Such practices may violate the Sherman Antitrust...
Officials at all four schools said their respective institutions would cooperate with the probe, and all denied the allegations that they violated antitrust laws...
...federal department announced in August that it was investigating possible antitrust violations in the establishing of tuition and financial aid at the schools...
...Justice Department has decided to look into this practice, as well as into the fact that within groupings -- the Ivy League schools and the Seven Sisters, for example -- yearly tuitions tend to be similar. Presumably Justice wants to determine whether there is any violation of the Sherman Antitrust Act, which prohibits restraint of trade...