OT: 16 elite universities named in price-fixing lawsuit

[SVCBeercats]

"16 Ivy League and elite universities are facing a federal lawsuit alleging they illegally conspired to eliminate competitive financial aid in a price fixing scheme. The suit alleges the universities artificially inflated the cost of attendance for all students receiving aid. The suit goes on to say the result of the scheme was more than 170,000 students being overcharged by millions of dollars. Five former students from Vanderbilt, Duke, and Northwestern filed the suit in an Illinois federal court. Among those named in the filing are Brown, Columbia, Yale, MIT, Notre Dame, Georgetown, and University of Pennsylvania."

 

[Boreifs]

The bar for proving conspiracy reaches up to the moon.

 

[LwrcasefaN]

"16 Ivy League and elite universities are facing a federal lawsuit alleging they illegally conspired to eliminate competitive financial aid in a price fixing scheme. The suit alleges the universities artificially inflated the cost of attendance for all students receiving aid. The suit goes on to say the result of the scheme was more than 170,000 students being overcharged by millions of dollars. Five former students from Vanderbilt, Duke, and Northwestern filed the suit in an Illinois federal court. Among those named in the filing are Brown, Columbia, Yale, MIT, Notre Dame, Georgetown, and University of Pennsylvania."

I don't even know where to start with this one. Price fixing and inflated costs aren't new, although the alleged motive here might be. College has its benefits and in my opinion the cost determination has always been a factor of actual costs PLUS additional costs to exclude who can actually obtain those benefits and get that degree. For so long...the degree was the ticket and justification (legally if need be) to the high paying job (wealth and power) and not how smart you were. In certain tech fields...certifications are a threat to this scheme.

 

[eebmg]

Damn it, we are not Elite?

 

[PacoSwede]

nice payday for a lot of lawyers

 

[HuskyNan]

My son applied to both MIT and WPI. He ended up at WPI but I was hoping for MIT because it was less expensive. He graduated in 2019. Now, room, board, tuition, fees blah blah blah - 76k per year

Cost of Attendance | Worcester Polytechnic Institute

College is a great investment in your future—WPI’s cost of attendance is listed below. These budgets are used by the Office of Financial Aid to calculate financial aid and eligibility for need-based aid. The Office of Financial Aid provides detailed Cost of Attendance Budgets for undergraduate...

www.wpi.edu

Ah, MIT pulls ahead in the college costs race, now up to 77k. Cost of attendance | MIT Student Financial Services