The lawsuit filed in the Federal Court on Monday accused 16 of the leading private universities and colleges in the country to reduce the financial assistance they provided to students who recognized the price cartel.
The lawsuit was submitted in the Federal Court in Chicago on behalf of the five former scholars who attended several universities mentioned in the lawsuit, aiming for an old antitrust exemption given to these universities for financial assistance decisions and claiming that higher universities were estimated to be 1,70,000 Students who qualified for financial assistance for almost two decades.
The university accused of making a mistake is Brown, California Institute of Technology, University of Chicago, Columbia, Cornell, Dartmouth, Duke, Emory, Georgeled “Bill Blind.” The group name comes from the federal legal section that allows the collaboration: Section 568 of the Law of Higher Education.
The lawsuit claims nine schools actually do not need to be blind because for years, they have found a way to consider the ability of applicants to pay.
The lawsuit claimed that the action of nine of these schools – Columbia, Dartmouth, Duke, Georgetown, MIT, Northwestern, Notre Dame, Pennsylvania University and Vanderbilt – made actions from all 16 universities that violated the law, turning them into calls “Kartel 568.”