• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick More Ivy League universities settle suit alleging financial aid ‘scheme’ led to admitting wealthier students
Editor's Pick

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

by January 25, 2024
by January 25, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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
You Might Also Like
  • Comcast to bundle Peacock, Netflix and Apple TV+ at a ‘vastly reduced price’
  • Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
  • Iridium Introduces its Next Generation Satellite IoT Data Service
  • Disney and Warner Bros. Discovery to bundle streaming services
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Remember Those 3 Signs of Inflation to Watch?
next post
We found many loose bolts on our Max 9 planes following near-disaster, Alaska Airlines CEO says

You may also like

American Express CFO says spending picked up at year-end, thanks...

January 25, 2025

Wayfair to lay off 13% of workforce, affecting 1,650 employees

January 21, 2024

Shares in gun manufacturers soar after Trump assassination attempt

July 17, 2024

How Foot Locker is waging a comeback after its breakup...

September 23, 2024

Amazon’s Zoox robotaxi unit issues software recall after recent Las...

May 6, 2025

AI drive-thru ordering is on the rise — but it...

July 4, 2024

Tesla shares fall after deliveries drop 8.5% from a year...

April 3, 2024

Judge sends Sam Bankman-Fried to jail over alleged witness tampering

August 12, 2023

Biden administration seeks to avoid default crisis for student loan...

January 16, 2025

China says Tesla to fix software for 1.1 million vehicles...

May 15, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Transforma Insights unveils analysis of which...

    February 23, 2023

    Sports gambling takes a toll on...

    August 26, 2024

    The installed base of off-highway vehicle...

    December 21, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here