A class action lawsuit filed against 40 elite private colleges alleges unfair tuition calculations for students from single-parent households, claiming an average annual increase of $6,200.
The lawsuit seeks $5 million in damages, and aims to stop colleges from considering noncustodial parent income in financial aid calculations, arguing it's unfair to affected students.
Only about half of the 270 colleges that utilize the College Scholarship Service Profile require financial information from noncustodial parents, raising questions about the College Board's influence.
This is the second antitrust lawsuit against elite universities, highlighting ongoing legal challenges regarding tuition price fixing and allegedly collusive financial aid practices.
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