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The University of Chicago settled a federal antitrust lawsuit over financial aid. What does that mean for the 16 remaining defendants in the class action case? The University of Chicago will pay $13.2 million to settle a financial aid antitrust lawsuit in which it was one of 17 institutions accused of illegally colluding to limit student financial aid packages. Now, with the settlement pending approval from a judge, officials from the other 16 institutions must decide what to do: follow the University of Chicago’s lead and settle the lawsuit, or continue an expensive and likely lengthy legal battle.

Loyola universityUnited statesUniversity of chicagoNorthwestern universityCornell universityJohns hopkinsSpencer wallerDuke universityInstitute for consumer antitrustGeorgetown universityUniversity of pennsylvaniaIvy leaguePresidents groupMassachusetts institute of technologyEmory universityJohns hopkins university