Lawsuit Says 16 Elite Colleges Are Part of Price-Fixing Cartel
The New York Times
The federal lawsuit against Yale, M.I.T. and other colleges is the latest legal action to question admissions practices.
A lawsuit filed in federal court on Monday accused 16 of the nation’s leading private universities and colleges of conspiring to reduce the financial aid they award to admitted students through a price-fixing cartel.
The lawsuit, filed in federal court in Chicago on behalf of five former undergraduates who attended some of the universities named in the suit, takes aim at a decades-old antitrust exemption granted to these universities for financial aid decisions and claims that the colleges have overcharged an estimated 170,000 students who were eligible for financial aid over nearly two decades.
The universities accused of wrongdoing are Brown, the California Institute of Technology, the University of Chicago, Columbia, Cornell, Dartmouth, Duke, Emory, Georgetown, the Massachusetts Institute of Technology, Northwestern, Notre Dame, the University of Pennsylvania, Rice, Vanderbilt and Yale.
