Brown University Settles Antitrust Admissions Lawsuit for $19.5 Million
Providence, Rhode Island – Brown University has reached a settlement agreement in an antitrust admissions lawsuit filed against the institution and 16 other defendants. The university has agreed to pay $19.5 million to resolve the lawsuit, according to a press release issued on January 23rd. The class-action lawsuit, filed in January 2022, alleges that Brown colluded with other colleges in the 568 Presidents Group to manipulate the calculation methodologies for financial aid, resulting in artificially inflated net prices of attendance. The plaintiffs argue that these colleges did not adhere to the intended need-blind admission policies … Read more