Five more elite schools agreed to a settlement to resolve claims they colluded on financial aid.
The 2022 lawsuit accused nearly 20 top schools of working in a "price-fixing cartel" to limit aid to students.
AdvertisementFive more elite schools have now agreed to a settlement to put claims they colluded to limit financial aid to rest.
On Tuesday, Emory, Yale, Brown, Columbia, and Duke agreed to pay a collective fine of $104.5 million to resolve allegations against 17 top schools that concerned the way each of them allocated financial aid.
The other schools named in the original lawsuit have yet to announce trial dates or progress toward reaching a settlement.
Persons:
—, Duke, Brown, Brian Clark, Johns
Organizations:
Service, Duke, Yale, Group, University of Chicago, Columbia, Emory, UChicago, Cornell, MIT, Northwestern, Notre Dame, Vanderbilt, Dartmouth, CalTech, Johns Hopkins
Locations:
Emory, Yale, Brown, Columbia, Northwestern, Georgetown, Notre, Penn, Rice