Read again. 50k above the cutoff, so roughly 250k. |
It's the coordination that's not acceptable and the anti competitive effects. The effect of the coordination amongst schools to enforce these agreements is to eliminate price competition (competition on financial aid and scholarships). You can't do horizontal restraints of trade like this. |
What's your basis? A similar lawsuit concerning coordination on financial aid need analysis formulas has gotten over $300 million in settlements, and the group coordinating disbanded... |
Agreed! |
If it isn’t legally binding maybe my kid should just ED to 20 schools and treat it like EA. |
If you can find a guidance counselor who will release transcripts in that scenario, go for it. That will be your gating item. |
Why should my guidance counselor constrain me. Don’t I have a legal right to my transcript? |
| Why can’t I claim discrimination again me if the counselor uniquely won’t send my transcript to 20 schools but they will send another kids transcript to 20 schools? If ED isn’t legally binding aren’t we in the exact same situation and shouldn’t we be treated the same? |
It’s really clear why. Athletes tend to be economics majors and go into good careers, making them great alum. Could they accept the studious kid who’d make a great philosophy major and get into NYU for a PhD? Sure, but that person tends to not donate, makes less money, and tends to be less prideful of their LAC experience. |
That’s the issue. It’s the schools coordinating to enforce these nonbinding agreements that is the problem. If the schools find out you breached your ED agreement, they’ll retaliate and protect the ED school to protect ED as a whole. |
Exactly. The argument that it isn’t legally binding is the thing I actually have the issue with. |
Other than Tulane punishing that private school in Colorado, I have not really heard of this happening. |
Interesting. I bet it does elevate prices. |
I have. |
+1 I only *wish* my kid's top-choice school had ED!! What better way to express interest than by committing to go there? |