Four Prestigious Universities Settle Price-Fixing Lawsuit, Agreeing to Pay $166 Million
Chicago, Illinois – Four prestigious universities have reached a settlement in a federal class-action lawsuit accusing them of colluding to manipulate the amount of financial aid offered to students. Dartmouth College, Rice University, Northwestern University, and Vanderbilt Universities will collectively pay $166 million to resolve the claims against them, according to a court filing on Friday. As part of the settlement, Dartmouth and Rice will each pay $33.75 million, while Vanderbilt will pay $55 million and Northwestern has offered $43.5 million. This brings the total settlement reached so far to $284 million, which will be … Read more