Your Own Liberty - Investing and Stock News
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Your Own Liberty - Investing and Stock News
No Result
View All Result
Home Stock

More Ivy League universities settle suit alleging financial aid ‘scheme’ led to admitting wealthier students

by
January 25, 2024
in Stock
0
More Ivy League universities settle suit alleging financial aid ‘scheme’ led to admitting wealthier students

Three Ivy League universities, along with several other top-tier U.S. schools, have agreed to settle a case brought by a group alleging the institutions conspired to collectively consider how much financial aid to offer to students, allegedly favoring wealthier ones.

The largest settlements were agreed to by Columbia University and Duke University, at $24 million each. Alongside Brown, Yale and Emory universities, and a prior settlement by the University of Chicago and a pending one with Vanderbilt University, a total of $118 million would be collected for the plaintiffs group suing the institutions.

The plaintiffs allege that the schools, and others targeted by the suit, have violated a statute barring them from considering students’ finances when they agreed in 2003 to a common set of standards to guide admissions decisions. While the schools were supposed to be ‘need blind’ in order to adhere to the statute, any attempt to consider a student’s financial-aid needs represents a de facto violation of that statute, the suit alleges.

The schools have denied wrongdoing, but have agreed to the settlements in exchange for having the case dismissed. The settlements must still be approved by a federal district judge.

The complaint alleges that more than 200,000 students would likely have been affected by the agreement, which they say served to artificially inflate net tuition prices.

More information about the suit and settlement can be found at https://568cartel.com/.

This post appeared first on NBC NEWS
Previous Post

The FAFSA form error that would have limited students’ financial aid is getting fixed

Next Post

Listings for Stanley tumblers are still attracting dozens of bids on eBay for hundreds of dollars

Next Post
Listings for Stanley tumblers are still attracting dozens of bids on eBay for hundreds of dollars

Listings for Stanley tumblers are still attracting dozens of bids on eBay for hundreds of dollars

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Dollar General is shaking off tariff fears and winning over higher-income consumers

    Dollar General is shaking off tariff fears and winning over higher-income consumers

    June 7, 2025

    TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout

    June 7, 2025
    Thai hostage recovered from southern Gaza in military operation

    Thai hostage recovered from southern Gaza in military operation

    June 7, 2025

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • Dollar General is shaking off tariff fears and winning over higher-income consumers
    • TIMELINE: Inside the evolving relationship between Trump and Musk from first term to this week’s fallout
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 yourownliberty.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 yourownliberty.com | All Rights Reserved