Lawsuit Accuses Top Colleges Of Limiting Financial Aid

A newly filed lawsuit alleges that prominent universities are illegally restricting some students’ access to federal financial aid. The Wall Street Journal reports that 16 U.S. universities are included in the lawsuit, including prestigious institutions like Yale, Georgetown, Columbia, MIT, among others. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. Read more HERE: "A new lawsuit accuses major universities, including Ivy League schools, of engaging in illegal behavior that restricts students' access to federal aid.
The Wall Street Journal reported on Monday that five former students were suing 16 schools in the US, including Yale, Georgetown, and Columbia, accusing them of engaging in price-fixing and unfairly cutting off some students from financial aid by collaborating on financial-need calculations. The Journal reported that schools are legally allowed to collaborate on their financial-aid formulas, but the lawsuit said the schools weighed the students' ability to pay in some situations, which is not permitted under the law. Attorneys in the suit said more than 170,000 former students who received partial financial aid from the 16 schools could be eligible to become plaintiffs in the case." *** The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET. Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ SUBSCRIBE on YOUTUBE: ☞
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