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16 Top Colleges Sued for Alleged Violation of Federal Antitrust Laws by Colluding on Their Financial

posted by martyb on Friday January 14 2022, @07:15PM   Printer-friendly
from the This-could-have-legs dept.

upstart writes:

16 top colleges sued for alleged violation of federal antitrust laws by colluding on their financial-aid practices:

(CNN)Sixteen top US universities, including Duke, Vanderbilt and Northwestern, are being sued by five former students claiming those schools may be involved in antitrust violations in the way those institutions worked together in determining financial aid awards for students, according to the lawsuit filed in a US District Court in Illinois.

The complaint, which was filed Sunday, alleges that these private national universities have "participated in a price-fixing cartel that is designed to reduce or eliminate financial aid as a locus of competition, and that in fact has artificially inflated the net price of attendance for students receiving financial aid."

The suit is asking for class-action status to cover any US citizen or permanent resident who paid tuition, room, or board at these institutions within varying timeframes from 2003 to the present. The plaintiffs want a permanent injunction against this alleged conspiracy, and that they are also seeking restitution and damages to be determined in court.

[...] The lawsuit alleges nine schools (Columbia, Dartmouth, Duke, Georgetown, the Massachusetts Institute of Technology, Northwestern, Notre Dame, the University of Pennsylvania and Vanderbilt) have "made admissions decisions with regard to the financial circumstances of students and their families, " thereby disfavoring students who need financial aid."

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  • (Score: 2) by crafoo on Saturday January 15 2022, @12:55AM (2 children)

    by crafoo (6639) on Saturday January 15 2022, @12:55AM (#1212813)

    and the dumbest ones we give a PhD to and then abuse and exploit them as post-docs for, oh I dunno, as long as they can take until they kill themselves.

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  • (Score: 0) by Anonymous Coward on Saturday January 15 2022, @03:35AM

    by Anonymous Coward on Saturday January 15 2022, @03:35AM (#1212848)

    The smart PhDs are the ones that organized their own funding, so they were not totally dependent on research funds from their thesis_advisor/professor. This might mean working a few years after a Masters before going back for the PhD, but well worth getting outside the academic-serf system. in the cases I know about, the outside funding (grant, company perk) allowed the student to pick their own PhD topic (assuming they could find an advisor to work with).

  • (Score: 2) by The Vocal Minority on Saturday January 15 2022, @05:21AM

    by The Vocal Minority (2765) on Saturday January 15 2022, @05:21AM (#1212865) Journal

    Or become incessant SN trolls.