As part of the settlement agreement, U. of C. has agreed to cooperate with the plaintiffs during discovery, including by producing certain documents, according to court filings.
The original complaint alleged the group of universities overcharged more than 170,000 financial aid recipients over the course of almost two decades to the tune of “at least hundreds of millions of dollars.” According to the complaint, the universities collectively adopted a financial aid formula in violation of antitrust laws. Under the 568 Exemption, a section of the Improving America’s Schools Act of 1994, universities are allowed to collaborate so long as they admit all students on a need-blind basis.
But the lawsuit alleges that some of the universities being sued, not including U. of C., have considered the financial needs of students and their families during the admissions process.The other universities, including the U. of C., “may or may not have adhered to need-blind admissions policies, but they nonetheless conspired with the other defendants,” the complaint alleged.
Source: Education Headlines (educationheadlines.net)
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