From the Cornell Daily Sun: Cornell alumni and students who received financial aid anytime between Fall 2003 and February 2024 are beginning to receive payments from a suit alleging Cornell and 16 other institutions conspired to price fix tuition and aid. The suit, Corzo et. al v. Brown University et. al, alleges the universities worked together to favor wealthy students and reduce financial aid to students through an organization known as the 568 Presidents Group — ultimately violating the Sherman Antitrust Act, which prohibits entities from cooperating to limit competition. The group was named for an exemption to the Sherman Antitrust Act that allows need-blind institutions to collaborate on financial aid principles to make financial aid similar among universities.
In the lawsuit, a group of student plaintiffs alleged that the universities did not act need blind and instead considered potential admits’ ability to pay, collaborating to set their aid at similar levels — thereby limiting the choices a student might have in receiving financial aid. Overall, the plaintiffs said, aid was lower than it would have been without the collusion. On July 2, U.S. District Judge for the Northern District of Illinois Matthew Kennelly ordered the first distribution of settlements to be sent out to affected alumni and students, Cornellians included. Though Cornell has not yet settled, students and alumni are receiving payments because, under antitrust law, any co-conspirator is held liable for the overall harm, regardless of if a specific university has settled or not...
Full story at https://www.cornellsun.com/article/2026/08/payments-go-out-in-financial-aid-price-fixing-suit-but-cornell-has-yet-to-settle.
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From The Dartmouth: On July 20, 3,988 Dartmouth students and alumni began receiving settlement payments from the class action lawsuit Henry, et al. v. Brown University, et. al, in which the plaintiffs alleged that 17 universities, including Dartmouth, colluded to lower admitted students’ financial aid awards. The 17 universities comprise the 568 Presidents Group, which claimed protection from antitrust laws under Section 568 of the Improving America’s Schools Act of 1994 by devising “a set of common standards” to determine students’ financial aid, described as the “consensus approach.” All 17 members were accused of having violated the 568 Exemption’s need-blind admissions requirement by considering applicants’ financial circumstances. The group disbanded in 2022; College spokesperson Jana Barnello declined to comment on why Dartmouth joined and left the 568 group.
According to the settlement’s website, the first rounds of payments — which average $2,000 per claimant — was sent electronically on July 20. Payments for claimants who requested a physical check were mailed on July 28. On Feb. 25, 2024, Dartmouth agreed to a settlement payment of $33.75 million. Dartmouth’s settlement, along with settlement claims from nine other universities, contributed to the checks distributed to affected students this July...
Full story at https://www.thedartmouth.com/article/2026/08/dartmouth-students-begin-receiving-payments-from-2022-financial-aid-class-action-settlement.