The suit claims the schools engaged in price fixing and colluded to limit student financial aid. The others are:
“ Brown, California Institute of Technology, University of Chicago, Columbia, Cornell, Dartmouth, Duke, Emory, Massachusetts Institute of Technology, Notre Dame, University of Pennsylvania, Rice, Vanderbilt University, Yale, Northwestern, Georgetown”
In 1991, all eight members of the Ivy League and MIT were charged with price fixing. Prosecutors said representatives from the schools would meet to discuss their anticipated aid offers for students who had been admitted to more than one school. This practice unfairly limited price competition, prosecutors said. Schools said the approach eliminated bidding wars and allowed students to choose schools based on fit rather than on price.
The eight Ivy League schools signed a consent decree and MIT agreed to a separate settlement ending that practice.
wait that didn't fix the problem?? :shocked-pikachu:
