Vanderbilt University Tops Settlement Payments with $55 Million in Major Financial Aid Antitrust Lawsuit
Nashville, Tenn. — Vanderbilt University has reached a settlement in a high-profile class action lawsuit that accused it and other prominent institutions of colluding to limit financial aid, which would have interfered with fair competition. This settlement is part of a broader agreement involving ten of the seventeen universities named in the complaint originally filed in January 2022. The settlement agreement totals $284 million, with Vanderbilt University committing to the highest individual sum of $55 million. This resolution correlates with claims made against an alliance of prestigious universities, which also includes Brown University, the University … Read more