Five Elite Universities Reach Multi-Million Dollar Settlements in Antitrust Lawsuit

Published on January 25, 2024

A string of Ivy League universities in the United States, including Yale and Columbia, reached additional preliminary settlements on Jan. 23 in a case alleging that the institutions engaged in price-fixing tied to student aid. The largest settlements, amounting to $24 million each, were agreed upon by Columbia University and Duke University, while Yale and Emory agreed to pay $18.5 million each. Brown University agreed to a $19.5 million settlement, bringing the total combined payment from all the universities to approximately $104.5 million, according to court documents. The payments are the result of a lawsuit filed in the Northern District of Illinois in February 2022 by former students and parents against more than a dozen renowned schools across the country....

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