Top US universities accused of cutting off financial aid illegally | Academic Issues


The lawsuit alleges that 16 major US universities, including Yale and Georgetown, violate antitrust laws by using a divisive approach to determining financial aid for students.

Yale University is one of more than a dozen schools in the United States that are accused of violating anti-trust laws and unfairly reducing student scholarships, The Wall Street Journal (WSJ) said.paywall) on Monday.

The case was filed in federal court in Illinois with lawyers representing five students who attended the 16 organizations that filed the complaint, according to the WSJ.

The suit pivots on the thorn in the side of how universities determine a student’s ability to pay a fine to a university, which has reached the heights of space in the US and has created a student debt crisis.

The lawsuit alleges that these universities use dividends to obtain financial rewards because universities sometimes test students’ ability to pay for higher education, WSJ said.

Universities in the US are allowed to integrate support mechanisms, but only if they do so-called “skin-to-skin” methods that do not take into account the student’s ability to pay by knowing who enters and who does not, “the WSJ said.

The case seeks the destruction and permanent termination of the organizations working together to calculate the financial needs and determine the size of the support package for which they wish to be provided.

College admission in the US is very opaque. Few end up paying the full cost of education stickers, but support packages can vary greatly.

An estimated 43.2 million Americans have student loan debt, according to the Education Data Initiative, which puts the total student loan debt at US $ 1.75 trillion.

The case is based on high school education.

In addition to Yale, other universities named in the case are Georgetown University, Northwestern University, Brown University, California Institute of Technology, University of Chicago, Columbia University, Cornell University, Dartmouth College, Duke University, Emory University, Massachusetts Institute. of Technology, University of Notre Dame, University of Pennsylvania, Rice University and Vanderbilt University.

According to the WSJ, lawyers representing more than 170,000 students who have attended the schools mentioned in the case and who have received 18-year-old financial aid may be eligible to join as complainants.





Source link

Leave a Reply

Your email address will not be published.