Johns Hopkins University and the California Institute of Technology have settled in a federal antitrust lawsuit that accused 17 prestigious universities of colluding to manipulate financial aid formulas. The settlement leaves five universities still contesting the claims. The lawsuit's central allegation is that these institutions restricted financial aid to avoid competition for students. Documents reveal that some universities favored applicants from wealthy backgrounds or with influential connections over their qualifications, indicating a troubling intersection of fundraising and admissions practices.
The main claim of the lawsuit against the consortium states that universities colluded to limit financial aid, preventing bidding wars over top students.
Evidence reveals porous borders between fundraising and admissions, highlighting potential admissions decisions based on wealth rather than academic qualifications.
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