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US universities settle financial-aid antitrust lawsuit for $166 million

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Dartmouth, Northwestern, Rice and Vanderbilt universities have agreed to pay a combined $166 million to resolve claims that they favored wealthy student applicants, pushing total settlements in a federal antitrust lawsuit over college financial aid practices to $284 million. The 2022 lawsuit said 17 prominent colleges and universities violated U.S. antitrust law by violating a pledge not to consider students’ finances in making admissions decisions, giving wealthy students an edge. Dartmouth and Rice said they would each pay $33.75 million.

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