This report is the testimony and views of Preston Cooper, a senior fellow focusing on the economics of higher education at the American Enterprise Institute (AEI), to the US House Committee on the Judiciary, Subcommittee on the Administrative State, Regulatory Reform, and Antitrust about the pricing and spending practices of Ivy League universities. The eight institutions of the Ivy League show many of the hallmarks of anticompetitive behavior. Most Ivy League institutions severely limit undergraduate admissions, turning away thousands of qualified applicants. The schools charge among the highest tuition prices in the country and are less likely to provide financial aid than other private institutions. At the same time, Ivy League universities enjoy a significant surplus that funds high levels of institutional expenditures, administrative bloat, and seven-figure salaries for some college presidents. With Ivy League graduates overrepresented in the top echelons of government and business, greater scrutiny of these institutions' pricing and enrollment practices is overdue.