[dismantlethesun]

If you dont give the wealthy an unfair seat then they will not be in that university.

Instead they will be forced to go to another private school which will receive their endowments, and soon grow to the point they can compete with elite schools. Harvard, et all will still be good schools but not the "best" schools that people die to get into.

[ameister14]

While the universities can completely do that, they can't get an antitrust exception while they do. That's the issue here, I think. The universities are colluding with one another as regards pricing and financial aid. This was allowed under an exception to antitrust law so long as financial aid played no role in admissions. The group is alleging that financial aid, or the lack of it, plays a role in admitting rich students. If that's the case, it's possible (but not anywhere close to certain) that the universities don't qualify for the antitrust exception.

[true_religion]

I didn’t think universities were excepted from anti trust laws. Do you have any idea why this was permitted?

[ameister14]

As I understand it they aren't entirely, but Section 568 of the Higher Education Act lets them communicate and act together for the purposes of determining some guidelines around financial aid.

https://www.naicu.edu/docLib/20150803_Antitrust_legislation....