Top universities illegally considered financial need in admissions, lawsuit claims

Georgetown University campus
(Image credit: aimintang/iStock)

Five former university students filed a lawsuit in Illinois federal court Sunday accusing 16 major U.S. universities of antitrust violations, The Wall Street Journal reports.

The plaintiffs in the suit claim the schools illegally colluded by using a shared formula that took students' financial need into account when calculating financial aid packages. Federal law permits universities to share methodologies, but only if they do not allow financial need to affect admissions decisions.

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