Elite Universities Settle Lawsuit for $118 Million, Accused of Favoring Wealthy Applicants

Brown, Yale, and Columbia universities have agreed to pay a total of $62 million to settle a lawsuit accusing them and other institutions of favoring wealthy applicants, bringing the total settlements in the case to $118 million. The settlements were disclosed by lawyers representing hundreds of thousands of current and former U.S. college students, who filed the lawsuit in Chicago federal court. Emory and Duke have also reached settlements in this case. The lawsuit, filed in 2022, alleged that the universities conspired to restrict financial aid by violating a pledge to not consider students’ finances … Read more