Word: granted
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Dates: during 1990-1999
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Conspiracy may have played a role. For years a group of America's most influential schools traded data on tuition policies. Penn, Harvard, M.I.T., Princeton, Brown, Columbia, Cornell, Dartmouth and Yale shared information about future tuition rates and fees, agreed never to grant aid solely on the basis of a student's academic merit, and met to negotiate how much need-based financial aid should be offered to individual students accepted by two or more of the member institutions. Ostensibly the goal of this "Overlap Group," dismantled in 1991 after a two-year federal antitrust investigation, was to equalize...
Just how far afield the money goes is made starkly clear in Penn's latest indirect-cost proposal to the Department of Health and Human Services, which the government uses to determine how much money Penn can recoup from each federal grant to cover the overall cost of operating the university and which TIME acquired under the Freedom of Information Act. In a stack of paper as thick as a large-type Bible, Penn laid itself bare, disclosing everything from the $208,795 allocated to cover the cost of operating the university president's $1.4 million...
...fastest-growing expense at Penn and nearly every other university is financial aid. Although the percentage of Penn students receiving aid has remained stable at about 45%, the amount of money each one gets has soared; the average grant totals...
...teenagers' overnight excursion was partially funded by a grant from American Youth Hostels...
Cavanaugh says she and her husband, Philip Gschwend, a professor of environmental organic chemistry at MIT, joke about winning the lottery so they could avoid the tedium of writing research grant proposals...