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

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 Phoenix666 on Saturday January 15 2022, @11:00PM

    by Phoenix666 (552) on Saturday January 15 2022, @11:00PM (#1213028) Journal

    Yet another example of conservative policies failing super hard and making the world a worse place,

    I don't think you can pin it on conservative policies. Student loans have been pushed by Democrats to make higher education more "affordable." So what has happened is that for every additional $10K in student loans students could take out, college tuition magically went up by $10K. The increase in the price of a college degree has far outpaced inflation for decades now. If I recall correctly, there was a story on SN last year about a study that found that most of the increases went to sports stadiums and college administrators, not professors or student services.

    That's greed, and greed is not limited to Democrats or Republicans. Meanwhile, fewer and fewer graduates can afford to pay off their student debt, or to buy cars, or houses, or to get married and start families, and all of that life stuff.

    --
    Washington DC delenda est.
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