A lawsuit filed Sunday alleges that 16 major U.S. universities and colleges, including a number of Ivy League schools, have violated antitrust laws by working together to determine students' financial aid packages.Driving the news: According to the lawsuit, the schools "participated in a price-fixing cartel that is designed to reduce or eliminate financial aid...and that in fact has artificially inflated the net price of attendance for students receiving financial aid."Lawyers believe that more than 170,000 students who received financial aid packages from the schools over the past 18 years could be eligible to become plaintiffs in the case, which is seeking damages on students' behalf, according to the Wall Street Journal, which first reported the lawsuit.

https://www.axios.com/top-colleges-lawsuit-financial-aid-illegally-collude-a30ab056-8fd4-47c2-aa25-ca9644c0dc62.html

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