University of Chicago settles Federal Financial Aid Suit

Another update, adding I didn’t realize the judge hasn’t yet accepted Chicago’s proposed settlement, so it’s not a done deal.

Here are a few excerpts. The entire article is worthwhile.

Now, with the settlement pending approval from a judge, officials from the other 16 institutions must decide what to do: follow the University of Chicago’s lead and settle the lawsuit, or continue an expensive and likely lengthy legal battle.

Whether other universities will pay up and bow out in the near future remains to be seen, but the University of Chicago settlement suggests that the 17 co-defendants were not in lockstep. And legal counsel for the plaintiffs indicated in a news release earlier this week that Chicago will provide “certain information,” such as “documents and a witness interview, that plaintiffs expect will assist them in prosecuting their claims against the sixteen universities that have not settled.” (Legal counsel did not respond to a request for comment.)

Excerpts from Inside Higher Ed article, 5 articles per month with free account. https://www.insidehighered.com/news/students/financial-aid/2023/08/17/what-does-uchicagos-settlement-mean-co-defendants?utm_source=Inside+Higher+Ed&utm_campaign=d3d7af63e2-AdmissionsInsider_COPY_01&utm_medium=email&utm_term=0_1fcbc04421-d3d7af63e2-236952254&mc_cid=d3d7af63e2&mc_eid=4546efc1ee

Here’s the full press release from the plaintiffs’ attorneys last week:

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