Rice University sets aside $33 million to settle price-fixing lawsuit [ Texas Tribune ]

The flava:

Rice University has set aside $33.75 million to settle an antitrust lawsuit filed against 17 prestigious
private universities across the country accused of illegally running a scheme that limited the amount of financial aid given to students, according to the school’s financial statements for last year.

The Houston-based university’s financial statement for last fiscal year, first reported by Inside Higher Ed and the Houston Chronicle, says the school will use the money to settle “a class action lawsuit in which it had been named a co-defendant along with sixteen other universities.”

The article:

https://www.texastribune.org/2024/01/19/rice-university-price-fixing-lawsuit/