The complaint argues that institutions illegally agreed to require noncustodial parents to submit financial data, thereby inflating tuition costs and limiting financial aid.
The lawsuit suggests that, without this agreement, colleges would intensify competition to offer better financial aid to attract deserving students.
This second major lawsuit underscores ongoing concerns about price-fixing among elite institutions, reminiscent of a previous case involving the 568 Presidents Group.
Experts are questioning whether the alleged actions constitute a concerted effort to manipulate pricing or merely a consensus on financial aid protocols.
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