Word: moneyed
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Dates: during 1980-1989
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...colleges known as the "Overlap" group meets annually to set undergraduate financial aid packages; and, finally those willing to comment say such practices are done publicly with the assumption that agreements avoid "unethical bidding wars" for top students. They argue that the schools thus can spread around financial aid money to the most needy, mitigate the factor of money in obtaining higher education and hence serve the public good...
...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...
...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...
...school finance unconstitutional. In a 9-to-0 decision, the court said the wide gaps between the richest and the poorest of Texas' 1,071 districts violate a provision of the state constitution requiring an "efficient" education. Funneling resources to poorer districts would reduce some of these differences. But money alone is not enough. What Texas schools need, said the court, is an overhaul. "A Band-Aid will not suffice," said Justice Oscar H. Mauzy. "The system itself must be changed...
...rebuilding, none of the groups are believed to be stockpiling limestone and marble just yet. For years, however, a miniature Temple model has lured tourists to Jerusalem's Holyland Hotel, and the institute is preparing blueprints for a more authentic replica that will cost $1 million. All money for the various projects will come from Jews; Christian well-wishers are not allowed to contribute...