New York CNN —Four more private universities have agreed to settle a lawsuit which alleged they violated antitrust laws in determining financial aid amounts for admitted students, according to court documents filed Friday.
Dartmouth College, and Rice, Vanderbilt and Northwestern universities agreed to pay a total of $166 million to settle claims filed in a 2022 class action lawsuit alleging the schools colluded on the amount of financial aid awarded to students, while favoring applicants from wealthier families.
In 2022, the University of Chicago agreed to settle for $13.5 million.
“Nearly 15% of this year’s first-year class is attending Dartmouth without responsibility for paying tuition, housing, meals and many other fees, and more than half of the class receives some form of financial aid.
Meanwhile, Dartmouth, Rice, Vanderbilt and Northwestern’s settlements range from $33.75 million to $55 million each.
Persons:
Brown, Emory, ”, “, Robert Gilbert
Organizations:
New, New York CNN, Dartmouth College, Vanderbilt, Yale, University of Chicago, CNN, University, Dartmouth, ” Rice University
Locations:
New York, Rice, Northwestern, Columbia, Duke, Dartmouth