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(Reuters) -Brown, Yale and Columbia universities have agreed to pay a combined $62 million to resolve a lawsuit that accused them and others of favoring wealthy applicants, pushing total ...
Harvard, Cornell, Dartmouth, Brown and Yale, alongside dozens of other top schools, were targeted in the class-action lawsuit filed by a Boston University student and Cornell University alum in ...
The lawsuit claims that students were required to disclose the financial assets of their noncustodial parents, impacting their financial aid totals. Harvard, Yale, MIT and more are accused of ...
In 1994, Congress passed the Improving America's Schools Act. Section 568 of this Act expands upon the issues in the MIT settlement. Section 568 states that is not unlawful under the antitrust laws for two or more need-blind institutions to agree or attempt to agree: to award financial aid only on the basis of need;
Yale: Youngest daughter Offered information on the case to prosecutors in exchange for leniency on an unrelated fraud charge. [25] [26] Purportedly was asked for a bribe by Yale coach Rudy Meredith in exchange for Meredith getting Tobin's youngest daughter admitted into Yale. [162] [226] Tobin has not been charged or indicted in the case. [25] [26]
Most financial aid is in the form of grants and scholarships that do not need to be paid back to the university, and the average need-based aid grant for the Class of 2017 was $46,395. [167] 15% of Yale College students are expected to have no parental contribution, and about 50% receive some form of financial aid.
Four more private universities have agreed to settle a lawsuit which alleged they violated antitrust laws in determining financial aid amounts for admitted students, according to court documents ...
More recently, Harvard, [14] Yale, [15] and Princeton [16] [17] instituted no-loan financial aid policies which provide students with need-based aid from private funds held by the universities. This enables greater attendance from the poorer classes than Pell Grant statistics would indicate, since many recipients of university grants do not ...