Word: set
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Dates: during 1980-1989
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...wait. The term "unethical bidding war"--really the crux of the public-good argument--deserves a strong airing out. First assume its validity. How does the protection of undergraduate financial aid justify the possibility that schools collude in setting faculty labor costs together, a separate issue involving separate individuals? Can we contradict collusion charges when the most expensive schools jointly hike costs faster than inflation? Further, how can it be ethical to set a common price--the Ivy League schools with the exception of Cornell all cost between $19,000 and $19,500--when housing costs, facilities costs and research...
...Justice Department has launched an inquiry at Harvard and more than 60 other colleges and universities nationwide that recasts the battle over the "good old causes." Namely, the government is investigating whether the schools--which include the most prestigious in the country--illegally colluded in business arrangements to set tuitions, salaries and undergraduate financial aid that violate anti-trust laws...
...tuition, room board and fees a year--plan tuition raises together, often before such financial information is publicly available; the same schools jointly raise tuitions frequently to harvest the prestige tied to expense; a group of 23 elite Northeastern 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...
Allow the universities' point that a bidding war would ensue if they did not set awards. If competition forced the big schools to work to entice students, smaller schools would go all out to get their students. Implicit in the colleges' 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...
...voted to support the initiative petition of the Massachusetts Municipal Association that would set aside 40 percent of the state's growth tax for aid to cities and towns...