US EditionUniversity of Chicago to pay $13.5m to settle ‘price-fixing cartel’ financial aid lawsuit
- The University of Chicago has reached a proposed settlement of $13.5 million in a class-action lawsuit alleging price-fixing and illegal collaboration by elite universities to limit financial aid for students.
- The lawsuit, filed in federal court in Chicago, accused more than a dozen universities, including U. Of C., of violating antitrust laws by artificially inflating the net price of attendance for students receiving financial aid.
- If approved, the settlement will cover students who received need-based financial aid from U. Of C. And enrolled as undergraduates since 2003, and the university has agreed to cooperate with plaintiffs during discovery.
12 Articles
12 Articles
University of Chicago agrees to $13.5 million settlement in financial aid case
The University of Chicago agreed this week to pay $13.5 million to resolve claims it conspired with 16 other elite schools - including most members of the Ivy League - to limit financial aid for admitted students.
University of Chicago settles ‘price-fixing’ case in which Penn remains a defendant
The school admitted no liability in agreeing to pay $13.5 million to settle the antitrust class-action lawsuit. Penn declined to comment on whether it would settle the case.
University of Chicago to settle student aid price-fixing lawsuit for $13.5 million
The University of Chicago has offered $13.5 million to settle claims it improperly conspired with other schools to fix the price of student aid.Marc Monaghan / WBEZ The University of Chicago has agreed to pay $13.5 million to settle a lawsuit alleging it conspired with other top universities to limit the financial aid it awards students.UChicago is the first of 17 schools — including Northwestern University, Notre Dame and Ivy League schools — …
University of Chicago to pay $13.5m to settle ‘price-fixing cartel’ financial aid lawsuit
Top-ranked university is one of 17 elite colleges that are accused of restricting financial aid packages for students, lawsuit claimsThe University of Chicago has agreed to pay $13.5m to students after settling a claim that it conspired with other universities to intentionally limit financial aid offers for students.The top-ranked university is one of 17 elite colleges that were accused of restricting financial aid packages for students, accordi…
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