Word: overlaps
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...fact, the overlap schools are still far from independent...
Most members of the overlap group, including Harvard, are also members of the Consortium for Financing Higher Education (COFHE), a Cambridge-based research organization of 31 colleges and universities...
...stresses, however, that all data is "historical," meaning the schools only learn what each has already done, not what it will do in the next year, as was the case with overlap...
...hasn't replaced the overlap group," Miller says, "but it does give you insight. You certainly can look at large trends...
Nonetheless, the overlap schools subscribe to a common need formula, which accounts for the backbone of their financial aid policies. And since most of these schools are close to need-blind and strive to meet all demonstrated need, they are still able to achieve some degree of uniformity in their financial aid programs...