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Article: Judge: MIT broke antitrust laws Court finds collusion with Ivy League schools on financial aid awards
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- September 3, 1992
- Author:
CopyrightCopyright 1992 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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A federal judge ruled yesterday that the Massachusetts Institute
of Technology violated antitrust laws by colluding with Ivy League
schools to determine the amount of financial aid awarded to commonly
admitted students.
MIT president Charles M. Vest said the school will appeal the
decision to the US Court of Appeals for the 3d Circuit in
Philadelphia. If it stands, the ruling would alter the way that
many colleges and universities conduct business.
"This casts quite a chilling effect in two quarters," he said.
"Quite simply, it increases the uncertainty and unease of educators
as they talk about broad educational policy and what policies are
appropriate."
"In the long run, if the ...