Yale, Columbia Join $105 Million Student Aid Suit Settlement (2)

Yale, Columbia, Brown, Duke and Emory universities said they have agreed to settle for $104.5 million a class action lawsuit that accused them and a dozen other elite schools of colluding on financial aid packages.

The five universities on Tuesday asked a federal judge in Chicago to grant preliminary approval of the deal. Yale and Emory have each agreed to pay $18.5 million, while Duke and Columbia will both pay $24 million. Brown has agreed to pay $19.5 million.

The settlement comes after a group of former students sued the schools in January 2022, alleging they agreed ...