![]() ![]() And it argues those seven schools should have known the other nine were not abiding by need-blind admissions practices. ![]() Instead, the lawsuit states that it is one of seven defendants that “may or may not have” considered applicants' financial need. Rice is not listed as one of the nine schools accused of taking an applicant's finances into account during admissions. What we offer to Schools, Colleges, Universities and the General Public. Therefore, the lawsuit states, all schools that meet as part of this group have conspired to shrink the amount of funding they provide students, which means they are not exempt from antitrust laws. Poverty Profile for Sierra Leone Sierra Leone Poverty Assessment Rice Prices. It also accuses some schools of giving preference to wealthier students in deciding whom to admit off the university’s waitlist. It says some schools have admitted wealthy students of past or potential donors. Schools were prohibited from favoring wealthier candidates so they could give away less scholarship money.īut this lawsuit claims that nine of the schools do consider a student or student’s family’s financial situation at certain points of the admissions process. In 2003, the group established a shared methodology to determine a family’s ability to pay for college. Job Aids and Quick Reference Guides are also available. The schools are known collectively as the “568 Presidents Group.” It was named after Section 568 of the law that allowed them to discuss the guidelines for financial aid. Assistance for iO, Rice's centralized business platform for HR and Finance, is available on the iO Support web page ( Help iO is accessible at Individuals can request help in several wayssee the iO Support web page. Universities that do not take into account a student’s financial aid, known as a "need-blind policy," are allowed to collaborate on guidelines to assess a candidate’s financial need, as part of an exemption of antitrust laws provided by Congress in 1994. “Defendants’ misconduct is therefore particularly egregious because it has narrowed a critical pathway to upward mobility that admission to their institutions represents.” “In critical respects, elite, private universities like Defendants are gatekeepers to the American Dream,” the lawsuit states. The schools that I can remember are: Drexel University Rice University Tulane University Fordham University University of Denver University of Tulsa. The plaintiffs calculated that the scheme affects more than 170,000 financial aid recipients at a cost running into the hundreds of millions of dollars. ![]() The suit claims that by limiting financial aid, this group of schools engaged in price-fixing, reducing competition and inflating the cost of attendance for those who receive financial aid. ![]()
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