568 Group

E99596

The 568 Group is a consortium of highly selective U.S. colleges and universities that collaborate on need-based financial aid practices to promote fairness and consistency in awarding aid.

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Label Occurrences
568 Group canonical 1

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Statements (30)

Predicate Object
instanceOf consortium of colleges and universities
financial aid collaboration
aidType need-based financial aid
antitrustStatus subject of antitrust scrutiny
collaborativePractice coordinating institutional financial aid policies
sharing common principles for need analysis
controversy criticized for alleged price-fixing of net prices for students
involved in litigation alleging anticompetitive financial aid practices
coordinationMechanism agreed common financial aid principles among member institutions
country United States of America
surface form: United States
field higher education
student financial aid
focus methodology for calculating financial need
undergraduate financial aid
geographicScope national consortium within the United States
goal reduce competitive bidding on need-based aid among member schools
standardize treatment of family income and assets in aid formulas
impact affected net prices paid by students admitted to multiple member schools
influenced how member institutions calculated student financial need
legalContext operated under an antitrust exemption for need-based aid collaboration
related to Section 568 of the Improving America’s Schools Act of 1994
memberCharacteristic members were need-blind or largely need-blind in admissions for domestic students
private institutions predominated among members
membershipType highly selective colleges and universities
policyArea expected family contribution calculations
institutional grant aid
need-blind admissions
purpose collaborate on need-based financial aid practices
promote consistency in awarding financial aid
promote fairness in awarding financial aid

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Columbia University memberOf 568 Group