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Current and former students of 17 top universities, including Georgetown, who received financial aid may be entitled to cash claims from a settlement in a class action lawsuit accusing the schools of colluding to decrease financial aid paid to students.
Vanderbilt has agreed to pay $55 million to settle the antitrust lawsuit that alleges the university colluded with other top institutions to fix attendance costs in order to limit the amount of financial aid a student receives. Vanderbilt joins Dartmouth, Rice and Northwestern as the “Third Tranche Settling Universities,” bringing the total number of settling...
Northwestern University has settled a class-action lawsuit alleging the school and 17 other universities violated antitrust laws and illegally collaborated in a price-fixing scheme to limit students’ financial aid. On Friday, Northwestern agreed to pay $43.5 million to settle the claim that it drove up the cost of attendance for students on financial aid. In a statement to the Tribune, ...
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.
Eight of the 17 private universities included in the suit have moved to settle. Vanderbilt denies any wrongdoing and has not publicly disclosed the amount of their settlement.