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Post by trimster on Oct 4, 2022 7:18:59 GMT -5
Not sure what it means going forward but Congress hasn't renewed the Ivy League's Anti-Trust Exemption which allowed them to prohibit merit based financial aid to any student, including athletes.
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Post by longsuffering on Oct 5, 2022 10:21:15 GMT -5
We currently have the first President with no Ivy League educational background since Reagan. That won't help the Ivies keep their exemption, but why do you need a Congressional exemption to make all aid need based?
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Post by Tom on Oct 5, 2022 11:16:53 GMT -5
We currently have the first President with no Ivy League educational background since Reagan. That won't help the Ivies keep their exemption, but why do you need a Congressional exemption to make all aid need based? Any school can do it without Congress. When 8 schools get together and make an agreement not to give out merit aid they are illegally acting in concert to against the free market. That's not from a lawyer, but high school history segment on Teddy the Trustbuster |
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Post by trimster on Oct 5, 2022 13:35:21 GMT -5
We currently have the first President with no Ivy League educational background since Reagan. That won't help the Ivies keep their exemption, but why do you need a Congressional exemption to make all aid need based? Any school can do it without Congress. When 8 schools get together and make an agreement not to give out merit aid they are illegally acting in concert to against the free market. That's not from a lawyer, but high school history segment on Teddy the Trustbuster There is actually a statement in here about the Ivies seeking antitrust exemption almost 30 years ago because with their limited financial resources, they would be unable to meet the need-based aid of students if they were forced to award merit-based scholarships. |
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Post by KY Crusader 75 on Oct 5, 2022 13:37:31 GMT -5
Just too funny!!!
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Post by Pakachoag Phreek on Oct 5, 2022 15:02:48 GMT -5
Maybe not so funny. Princeton's endowment is now such that every student could attend Princeton for free. |
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Post by KY Crusader 75 on Oct 5, 2022 15:04:24 GMT -5
Right- the funny part is the Ivy schools claiming to have financial constraints
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Post by Pakachoag Phreek on Oct 5, 2022 15:25:11 GMT -5
Right- the funny part is the Ivy schools claiming to have financial constraints That was yesteryear. Holy Cross received more tuition and fees revenue than did Princeton -- for the ENTIRE university. And that was before the recent jump in the Princeton endowment. Princeton's endowment value increased by $11 billion between 2020 and 201. Princeton pays out 5.5 percent on the endowment value. That $11 billion equates to an increased payout of $605 million, assuming no changes in endowment value in 2022, 2023, and 2024. Wait for the day that Princeton gives $100,000 NIL to every football player whose image appears in the game program. Why not? |
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Post by sader1970 on Oct 5, 2022 15:41:02 GMT -5
Or pays each Princeton professor $1 million a year!
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Post by Pakachoag Phreek on Oct 5, 2022 17:15:57 GMT -5
Or pays each Princeton professor $1 million a year! The 'problem' that those schools with mega endowments are having is the restricted endowment' funds principal is increasing so fast, that the annual distribution cannot be effectively spent. Case in point: Coach K's Legacy endowment at Duke has a 2021 value of $120-125 million. The distribution is used for scholarships (the entire team, and now the managers) and assistant coaches' compensation. I think some can be used for Cameron indoor, but I believe it cannot be used for the head coaches' salary. (The fund was established long before Coach K. retired.) That's an annual distribution of $5.5 million. Scollie payout would be less than $1.5 million. The richer universities are studying ways to make these restricted endowments more fungible, which is not a straight-forward exercise.. |
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Post by sader1970 on Oct 5, 2022 17:42:21 GMT -5
Oh, so they are limited to doing things legally?  |
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