Georgetown and Others Face Class Action
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Georgetown and Others Face Class Action
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A major antitrust lawsuit against top universities like Georgetown, MIT, and Penn has just gained momentum after a federal judge certified it as a class action, empowering thousands of students who received need-based aid to collectively seek damages. Allegations center on a secret collusion among 17 elite schools — known as the 568 Presidents Group — who allegedly fixed financial aid packages to undercut competition. Over 74,000 students have already joined the case, and while 12 schools have already settled for $320 million, five remain defiant, including Georgetown, MIT, Notre Dame, Cornell, and UPenn. Their trial is set for November, and plaintiffs’ lawyers are optimistic, calling certification a critical victory for student rights.
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