College Price-Fixing Lawsuit

[Anonymous]

Since when does anyone in this country have a right to go to a college AND the right to make the University pay for it?

They don't.

So they have to come up with some alternative reason to sue, hence "price-fixing"

While there may be some bad facts and memos that colleges would rather not see the light of day, this is not going to rise to the level of a joint "price-fixing" coordination necessary for this claim.

It's a waste of money for all involved.

Meanwhile, there's a whole lot of people who are not in fact rich but don't qualify for any "needs based aid" whose kids can't afford to go to these same schools.

[Anonymous]

This doesn’t seem to have any merit, hopefully it gets thrown out. Money grubbing plaintiffs

[Anonymous]

Anonymous wrote:Just think of the kids they could have given scholarships to instead of paying lawyers for a stupid lawsuit.

I was thinking the same!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Just think of the kids they could have given scholarships to instead of paying lawyers for a stupid lawsuit.

If only they would have. They’re all about profits. That’s it.

Who cares, this is just some aggressive lawyer out to make money at the expense of universities. These elite schools spend 100k-250k+ per student each year to provide some of the best educational opportunities available in the entire world. Every organization including non-profits has to maintain positive cash flow or they will go out of business. Harvard spends 250k per student each year and their endowment covers less than half of this spending. Good luck paying for the rest of this amount without sufficient donor support.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Implicates Georgetown University, the University of Notre Dame, the University of Pennsylvania, MIT, and most Ivy Leagues (17 total colleges are named). Thoughts?

https://wapo.st/49HzgwE

My thought is this is America and anyone can sue anyone else for any reason.

And yet 10 of the schools have agreed to pay $284 million.

At $28.4 million per school, that's within the scope of a nuisance lawsuit.

Not even close.

[Anonymous]

Between the money-grubbing former athletes suing the NCAA and this, when are we going to do something about plaintiff's attorneys? This benefits them and them alone. Why would these former financial aid recipients go along with this? They will get what, a few thousand dollars? Such a scam. And now they have thrown in this bit about the "President's list," as if universities can't admit who they want to round out their classes--especially when it enables them to secure even more financial aid--just to try to shame these universities into settling. I really hope they hold out. The plaintiffs will never win this thing.

[Anonymous]

Anonymous wrote:Between the money-grubbing former athletes suing the NCAA and this, when are we going to do something about plaintiff's attorneys? This benefits them and them alone. Why would these former financial aid recipients go along with this? They will get what, a few thousand dollars? Such a scam. And now they have thrown in this bit about the "President's list," as if universities can't admit who they want to round out their classes--especially when it enables them to secure even more financial aid--just to try to shame these universities into settling. I really hope they hold out. The plaintiffs will never win this thing.

So far 2k per person from the schools that have settled. That's not bad considering they didn't have to do anything

[Anonymous]

I disagree that this is not a big deal. It’s disgusting and shows what a money making business colleges are. Particularly gross for so called religious universities

[Anonymous]

Will they refund the tuition we paid if they lost?

[Anonymous]

Anonymous wrote:Between the money-grubbing former athletes suing the NCAA and this, when are we going to do something about plaintiff's attorneys? This benefits them and them alone. Why would these former financial aid recipients go along with this? They will get what, a few thousand dollars? Such a scam. And now they have thrown in this bit about the "President's list," as if universities can't admit who they want to round out their classes--especially when it enables them to secure even more financial aid--just to try to shame these universities into settling. I really hope they hold out. The plaintiffs will never win this thing.

It’s a class action so even members of the class who weren’t plaintiffs in the litigation can get compensated. The claim forms were due yesterday.

https://financialaidantitrustsettlement.com/

I’ve submitted claim forms for different types of class actions over the years and it’s nice to get those payments even if they aren’t substantial. It’s important for the legal system to hold bad actors accountable and the conduct from these schools seems problematic.

[Anonymous]

Anonymous wrote:I disagree that this is not a big deal. It’s disgusting and shows what a money making business colleges are. Particularly gross for so called religious universities

+1

It’s bizarre how many people are being dismissive of this case and minimizing the collusion between institutions. Costs of college attendance are astronomical and continue to skyrocket exponentially, probably at a much higher rate than justified by the market. This should be a fair playing field for consumers/students.

[jsteele]

https://www.dcurbanmom.com/jforum/posts/list/1245951.page