Yale will pay $18.5 million to settle an antitrust lawsuit, per a Tuesday-night court filing.
The class action lawsuit was brought in January 2022 against Yale and 16 other elite schools, all of whom had at some point been members of the 568 Presidents Group, a consortium that collaborates to determine formulae used to calculate need-based financial aid packages for students. The plaintiffs accused the colleges of practicing need-aware admissions and colluding to reduce financial aid given to students.
On Tuesday night, Yale joined Brown, Columbia, Duke and Emory in paying a total of $104.5 million to settle their portion of the lawsuit.
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