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August 31, 2015

Homework Help: Micro Econ

Posted by Marilyn on Thursday, July 16, 2009 at 11:08am.

Historically, officials from 15 NE colleges with selective admissions policies and high tuition met each spring to compare financial aid packages for more than 10,000 common applicants. These meetings were designed to eliminate any differences in the financial aid packages offered by the various colleges. What would be the effect of the net price(tuition less financial aid) paid by applicants to the colleges participating in the meeting? Are there any factors that would work to undermine the ongoing viability of the prcatice? If so, what are these factors?

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