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.
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
→
|
| 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 → |
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Columbia University
→
|
memberOf |