The University of Chicago is the first of 16 schools to settle claims it participated in a price fixing cartel with Columbia, Cornell, Duke, Georgetown, MIT, Northwestern, Notre Dame, Penn, Rice, Vanderbilt, and Yale.
These schools limited availability of financial aid to students. U of Chicago will pay $13.5M to settle the suit.
It’s incredible how greedy these schools are despite their massive endowments. Many, if not all, worth billions.