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The 2022 lawsuit said 17 prominent colleges and universities violated U.S. antitrust law by violating a pledge not to consider students' finances in making admissions decisions, giving wealthy ...
Dartmouth College, and Rice, Vanderbilt and Northwestern universities agreed to pay a total of $166 million to settle claims filed in a 2022 class action lawsuit alleging the schools colluded on ...
The payments will be offered to "students who received need-based financial aid to cover some but not all costs (tuition, fees, room, and/or board) to attend," according to the settlement order ...
In 1994, Congress passed the Improving America's Schools Act. Section 568 of this Act expands upon the issues in the MIT settlement. Section 568 states that is not unlawful under the antitrust laws for two or more need-blind institutions to agree or attempt to agree: to award financial aid only on the basis of need;
The civil lawsuit was filed under the False Claims Act, which allows whistleblowers to file lawsuits when they believe the federal government has been defrauded. [42] The lawsuit seeks to recoup $11 billion, the amount of federal money EDMC institutions received in the form of federal student aid between 2003 and 2011. [77]
(Reuters) -Brown, Yale and Columbia universities have agreed to pay a combined $62 million to resolve a lawsuit that accused them and others of favoring wealthy applicants, pushing total ...
The total value of the settlement will be about $7.25 billion. [9] [10] This amount could be decreased based on the number of plaintiffs who opt-out. [11] A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013.
The settlements must still be approved by a federal district judge. The complaint alleges that more than 200,000 students would likely have been affected by the agreement, which they say served to ...