Word: overlaps
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...while MIT may have won its battle against the Justice Department, members of the Ivy League seem to have almost given up on the overlap...
...year that MIT received what may have been its oddest holiday present ever--a December settlement with the Justice Department which ended a two-year legal battle and allowed a limited form of financial aid overlap...
According to court documents, "in 1991, the Antitrust Division of the Justice Department brought this suit alleging that the Ivy (League) Overlap Group unlawfully conspired to restrain trade in violation of section one of the Sherman Act... by (1) agreeing to award financial aid exclusively on the basis of need; (2) agreeing to utilize a common formula to calculate need; and (3) collectively settling, with only insignificant discrepancies, each commonly-admitted student's family contribution toward the price of tuition...
When the Justice Department first brought suit against the Overlap Group in 1991, most schools, including all of the Ivy League institutions, fell into line. But several top college officials, while staying out of MIT's court battle, expressed hope that the school would be successful...
...Legislation allowing overlap] would certainlynot be just helping Harvard because we have ourown policy [of need-blind admissions] and we'regoing to stick to it," Rudenstine said...