This study examines the effect of the higher education antitrust exemption on enrollment of financial aid applicants at highly selective private colleges that implemented the exemption. The antitrust exemption, used since the 2002-03 academic year, was made permanent in May 2008 by the U.S....

This study examines the enrollment decisions of freshmen applicants to highly selective private colleges relative to highly selective public colleges. The empirical analysis shows that college enrollment varies by family income--in particular, low income students with demonstrated financial need...