financial aid

Georgetown University, along with 15 other private universities, are now defendants in an antitrust lawsuit recently filed in Illinois federal court regarding their financial aid calculations. The plaintiffs are five former students who attended some of the defendant universities and allege they engaged in price fixing and unfairly limited financial aid by utilizing a shared calculation method for applicants’ financial needs.

The defendants are private, national universities that are members of an organization titled the “568 Presidents Group.”  The group’s name is derived from a section of federal law permitting collaboration among universities on financial aid formulas […]