Page "Massachusetts Institute of Technology" Paragraph 44

The Justice Department began an antitrust investigation in 1989, and in 1991 filed an antitrust suit against MIT, the eight Ivy League colleges, and eleven other institutions for allegedly engaging in price-fixing in their annual " Overlap Meetings ", which were held to prevent bidding wars over promising prospective students from consuming funds for need-based scholarships.

While the Ivy League institutions settled, MIT contested the charges, arguing that the practice was not anti-competitive because it ensured the availability of aid for the greatest number of students.

MIT ultimately prevailed when the Justice Department dropped the case in 1994.