This is a decade or two overdue but better late than never.The College Fix reports:
GOP lawmakers launch investigation into high Ivy League tuition pricesTop Republican lawmakers launched an investigation into Ivy League universities’ tuition costs this week, alleging potential violations of antitrust laws.Led by Senate Judiciary Committee Chair Chuck Grassley and House Judiciary Committee Chair Jim Jordan, the probe asks the eight universities to produce documents “regarding their apparent collusion to raise tuition prices,” a news release states.“We are particularly concerned that Ivy League member institutions appear to collectively raise tuition prices while engaging in price discrimination by offering selective financial aid packages to maximize profit,” the lawmakers wrote.As The Hill reports:
The Republicans are concerned about alleged collusion and potential violations of antitrust laws to keep college prices up. …The GOP lawmakers point to examples such as requiring students to stay on campus during their first year and get a meal plan; a lawsuit accusing the College Board of working with institutions to reduce financial aid availability for students; and the Council of Ivy League Presidents holding meetings about admission practices.
“These institutions establish the industry standard for tuition pricing, creating an umbrella effect for all colleges and universities to justify higher tuition costs than they could otherwise charge in a competitive market,” the lawmakers wrote.
The institutions under investigation are Brown University, Columbia University, Cornell University, Dartmouth College, Harvard University, Princeton University, University of Pennsylvania, and Yale University.
CLICK HERE FOR FULL VERSION OF THIS STORY