A federal lawsuit accuses Rice University of engaging in price-fixing in collaboration with other prestigious private schools across the country, inflating the cost of college for students who need aid.
Rice University is one of 16 universities named in a new lawsuit that accuses the private universities of working together to unfairly limit student financial aid.
"In critical respects, elite, private universities like Defendants are gatekeepers to the American Dream," the lawsuit states. "Defendants’ misconduct is therefore particularly egregious because it has narrowed a critical pathway to upward mobility that admission to their institutions represents." In 2003, the group established a shared methodology to determine a family’s ability to pay for college. Schools were prohibited from favoring wealthier candidates so they could give away less scholarship money.
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