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Ten Colleges Pay $284 Million to Settle Price-Fixing Lawsuit

7/21/2026

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Summary

Story summary

On July 20, $284 million were sent to students at ten U.S. schools to settle a 2022 lawsuit alleging a price-fixing cartel.
Payments average $2,000 and will be issued by July 24 through ACH, PayPal, Zelle, Venmo, or check.
Eligibility requires full-time undergraduate enrollment at a listed school, receipt of need-based aid, and tuition, room or board costs not fully covered.
The schools denied wrongdoing but agreed to pay to settle the claims.

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Story summary

On July 20, $284 million were sent to students at ten U.S. schools to settle a 2022 lawsuit alleging a price-fixing cartel.
Payments average $2,000 and will be issued by July 24 through ACH, PayPal, Zelle, Venmo, or check.
Eligibility requires full-time undergraduate enrollment at a listed school, receipt of need-based aid, and tuition, room or board costs not fully covered.
The schools denied wrongdoing but agreed to pay to settle the claims.