Antitrust Lawsuit Investigation: Did Your College Fix the Amount of Your Financial Aid?
Last Updated on September 21, 2022
At A Glance
- This Alert Affects:
- Anyone who attended one of the colleges listed below since 2004 and received partial financial aid.
- What’s Going On?
- Attorneys working with ClassAction.org are investigating whether certain universities illegally conspired to reduce the amount of financial aid awarded to students and, if so, whether class action lawsuits could be filed as a result.
- Which Schools Are Under Investigation?
- Brown University, California Institute of Technology, University of Chicago, Columbia University, Cornell University, Dartmouth College, Duke University, Emory University, Georgetown University, Massachusetts Institute of Technology, Northwestern University, Notre Dame, University of Pennsylvania, Rice University, Vanderbilt University and Yale University.
- What You Can Do
- To help with their investigation, attorneys working with ClassAction.org would like to speak with current and former students of the schools listed above. If you received partial financial aid from any of these colleges, fill out the form on this page to get in touch. One of the attorneys handling this investigation may then reach out to you directly to ask you a few questions and explain how you could be owed money back from your university.
- What’s the Catch?
- There is none. Attorneys working with ClassAction.org have reason to suspect some colleges may have illegally worked together to reduce the amount of aid offered to students and are looking to determine whether any legal recourse is available to current and former attendees.
Attorneys working with ClassAction.org are investigating whether a handful of universities illegally conspired to reduce the amount of financial aid awarded to students.
As part of their investigation, the attorneys would like to hear from anyone who attended any of the colleges listed below since 2004 and received partial financial aid:
- Brown University
- California Institute of Technology
- University of Chicago
- Columbia University
- Cornell University
- Dartmouth College
- Duke University
- Emory University
- Georgetown University
- Massachusetts Institute of Technology
- Northwestern University
- Notre Dame
- University of Pennsylvania
- Rice University
- Vanderbilt University
- Yale University
If you received partial financial aid from any of these universities, fill out the form on this page today. After you get in touch, one of the attorneys handling this investigation may reach out to you directly. He or she will likely ask you a few questions about your schooling and explain how you could have been affected by an illegal price-fixing scheme and how a class action lawsuit could help.
Price-Fixing Schemes and Why They’re Harmful
Price fixing – in this case, fixing the amount of financial aid awarded to students – eliminates competition.
Should a group of colleges agree to use the same guidelines for awarding financial aid, each prospective student will receive an offer for the same amount of money from each college he or she is accepted into.
This means schools are no longer competing via financial aid for students to attend their institutions.
Furthermore, the amount of financial aid that is available to those in need will be lower than it would have been absent a price-fixing scheme.
How a Class Action Lawsuit Could Help
If filed, class action lawsuits could provide current students and alumni the chance to recover the difference between what they received in financial aid and what they would have received absent any illegal price-fixing agreement. A successful case could also force any universities found to be in violation of antitrust laws to change the way they award financial aid.
What You Can Do
Before attorneys working with ClassAction.org can even consider taking legal action, they need to speak to alumni and current students to gather more information on how certain colleges are awarding financial aid.
So, if you currently attend or previously attended one of the schools listed on this page and you received partial financial aid, fill out the form on this page to get in touch. You may be owed money back.
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