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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...
ITHACA, NY -- Cornell University was one of 16 universities named as defendants in a lawsuit filed in federal court for allegedly conspiring to eliminate competitive financial aid offers to
A total of 16 different universities have been formally accused of conspiring against financial aid recipients by overcharging them for tuition.
Attorneys say colleges including Columbia, Georgetown and MIT have overcharged 170,000 financial-aid recipients by 'hundreds of millions.'