|Title||16 Top Colleges Sued for Alleged Violation of Federal Antitrust Laws by Colluding on Their Financial|
|Date||Friday January 14, @07:15PM|
|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."
printed from SoylentNews, 16 Top Colleges Sued for Alleged Violation of Federal Antitrust Laws by Colluding on Their Financial on 2022-01-23 15:30:52