Federal Lawsuit Targets 40 Universities For Financial Aid Price Fixing

Oct 10, 2024 · A lawsuit accuses 40 private universities of conspiring to overcharge students for tuition by counting the assets of noncustodial parents in financial aid decisions.

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Four More Universities Settle Financial Aid Lawsuit For $166

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Feb 24, 2024 · Four more universities will settle a class-action lawsuit accusing them of colluding to fix the financial aid they offered to students for a total of $166 million.

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Harvard And Yale Among Dozens Of Universities Targeted In …

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Oct 9, 2024 · The alleged “price-fixing” agreement increased the cost of tuition by about $6,200 compared to top schools that were not participating in the College Board’s methodology, …

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Colleges To Pay $320 Million In Lawsuit: Here's Who Is Eligible For ...

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6 days ago · The lawsuit centers on allegations that these colleges engaged in price-fixing practices by sharing information about financial aid policies, which allegedly allowed them to …

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Lawsuit Alleges Elite US Universities Overcharge Students, …

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Dec 18, 2024 · – Top US universities are accused of overcharging students by $685 million in a alleged “price-fixing” scheme. – The lawsuit suggests these universities limited financial aid for …

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Major Colleges Accused In $685 Million Lawsuit For Alleged Tuition ...

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Dec 18, 2024 · A recent lawsuit alleges that a consortium of prestigious U.S. colleges and universities engaged in a price-fixing scheme that led to students being overcharged by …

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Massachusetts Colleges Among 40 Elite Schools Accused Of …

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Oct 10, 2024 · The plaintiffs allege students pay about $6,200 more to attend schools that include the finances of the noncustodial parent compared to schools that do not. “The average net …

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Johns Hopkins, Caltech Settle Antitrust Lawsuit For Combined $35.3M

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Jan 21, 2025 · An ongoing class-action lawsuit against 17 prestigious colleges alleges they violated antitrust law and drove up the cost of college by unlawfully collaborating to lower the …

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More Elite Universities Settle Suit Over Alleged ‘price-fixing’ Aid ...

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Jan 24, 2024 · Nearly a half-dozen of the nation’s top universities have agreed to pay a total of $104.5 million to resolve claims they conspired to limit financial aid for admitted students, …

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FAQs about Federal Lawsuit Targets 40 Universities For Financial Aid Price Fixing Coupon?

Did colleges price-fix financial aid?

The lawsuit centers on allegations that these colleges engaged in price-fixing practices by sharing information about financial aid policies, which allegedly allowed them to limit competition and keep financial aid packages lower than they might have been in a truly competitive market. ...

Are four universities colluding to fix financial aid?

Four more prestigious universities have agreed to settle a two-year-old federal class-action lawsuit accusing them of colluding to fix the amount of financial aid they offered to students. ...

Are elite colleges accused of price-fixing?

Elite colleges are accused of price-fixing in a broad federal lawsuit. The lawsuit claims that 16 of the most selective universities in the country conspired to raise their prices on students from poor or middle-class backgrounds. Experts say they have a different wealth problem. ...

What is a university antitrust lawsuit?

The antitrust lawsuit was filed in 2022 in Illinois federal court by several law firms representing a group of students who previously attended some of the universities. The plaintiffs alleged the universities engaged in a price fixing scheme by sharing a methodology for how much financial aid would be awarded to prospective students. ...

Did a college price-fixing scheme cause students to be overcharged?

A recent lawsuit alleges that a consortium of prestigious U.S. colleges and universities engaged in a price-fixing scheme that led to students being overcharged by approximately $685 million. ...

Did Illinois universities practice price-fixing & unfairly limited aid?

The case in Illinois federal court is on behalf of five former students who allege that the universities practiced price-fixing and unfairly limited aid by using a shared strategy to determine financial needs, The Wall Street Journal reported. ...