March 16, 2001

Private Colleges Seek to Extend Antitrust Exemption for Aid Talks

By STEPHEN BURD

Colleges have long embraced the notion that measuring a student's financial need is a science.

Especially at elite private colleges, the idea that "formulas" -- based on factors such as family income, assets, and tuition rates -- should determine how much a student and his family pay has been sacrosanct.

For 30 years, 23 private colleges, including every Ivy League institution, agreed to determine the appropriate aid award for every student admitted to

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