12/28/2022 0 Comments Cornell secure file transferIn an email, Cornell University spokesperson Joel M. Spokespeople for Columbia, Duke and Caltech declined to comment on the expiration. “As such, we request that the Department of Justice promptly investigate whether any academic institutions have violated the antitrust laws in their coordination of financial aid awards-whether before or after expiration of the 568 Exemption-and help restore competition in higher education.” Department of Justice will enhance education outcomes and lower student costs,” they wrote. “We expect that injecting competition back into the higher-education market through elimination of the 568 Exemption and robust enforcement of the antitrust laws by the U.S. Senators Marco Rubio (R-Florida) and Mike Lee (R-Utah) came out in favor of letting the exemption expire and threw their support behind the lawsuit. “Now defendants do not have any excuse for their collusion, which must end,” Robert Gilbert, a lead counsel for the plaintiffs, said in a statement. Predictably, the plaintiffs crowed about the expiration. It is unclear how the expiration of the 568 Exemption might affect the case or, more immediately, the schools’ current financial aid practices. In that filing, the DOJ argued that the 568 Exemption was meant to be narrowly construed and that if at least some of the defendant schools hadn’t properly followed need-blind admissions, then an agreement among all of them wasn’t protected by the antitrust exemption. Significantly, the Department of Justice, in a July statement of interest filing, had urged Kennelly to allow the case to continue. Kennelly, in his 26-page opinion, also found other arguments the schools made for dismissal-including that the plaintiff’s allegations were too broad and speculative, and that the four-year statute of limitations on antitrust had passed-unconvincing. (Coincidentally, the world’s richest man, Elon Musk, was a transfer student at the University of Pennsylvania, as was former President Donald Trump.) The suit alleges, among other things, that some of the schools violated the 568 exemption–and thus the antitrust law–by considering the financial need of students and their families in deciding whether to admit waitlisted or transfer students and by giving preference to children of wealthy past or potential future donors. They’ve also asked for an injunction that would prohibit the colleges from discussing and agreeing on financial aid formulas in the future. The plaintiffs in that case are seeking certification as a class action suit and compensation for more than 170,000 students who attended the schools over the past 18 years. District Court for Northern Illinois, alleges they “artificially inflated the net price of attendance for students receiving financial aid,’’ by eliminating competition between them when it comes to financial aid. The lawsuit against the 16 schools, filed in January in the U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |