$166M Price-Fixing Financial Aid Settlement Preliminarily Approved

(March 8, 2024, 9:29 AM EST) -- CHICAGO — A federal judge in Illinois granted preliminarily approval of the latest settlement in a class complaint by students who accuse more than a dozen private universities of “participating in a price-fixing cartel that is designed to reduce or eliminate financial aid as a locus of competition”; the $166 million agreement with four of the schools is the third reached in the case and brings the overall settlement total to $284 million....