Yale Corporation – Ivy Group

Yale Elite Series

The Power of Privilege by Joseph Soares, 2007, Excerpts

The Yale Corporation, which holds power of final say on anything it cares to rule on, always kept tight control over financial aid. The Corporation legally owns and controls Yale. Yale coordinated its aid program with the rest of the Ivy League, and from 1958, Yale also worked with MIT, the University of Chicago, and Stanford University. Financial officers from all those institutions would meet as the “Ivy Group,” to “compare and negotiate awards to joint scholarship candidates and ensure progress towards the standardization of awards.”