U.S. Extends Antitrust Exemptions For Financial Aid

Law360, New York (October 2, 2008, 12:00 AM EDT) -- President Bush has signed the Need-Based Educational Aid Act of 2008, giving institutions of higher education an extended exemption to antitrust laws by allowing them to share information in order to determine students' need for financial aid.

The act will allow colleges of universities that admit students without considering their ability to pay tuition to continue to discuss and share information on how to decide how much financial aid a student requires until 2015.

The change is meant to give more students the ability to obtain...
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