Students Reach $166M Settlement With 4 Schools In Price-Fixing Financial Aid Case

(February 27, 2024, 2:29 PM EST) -- CHICAGO — Students who sued more than a dozen private universities for allegedly “participating in a price-fixing cartel that is designed to reduce or eliminate financial aid as a locus of competition” filed a motion in a federal court in Illinois seeking preliminary approval of a $166 million class settlement with four of the schools....