A group of former students is suing 16 elite colleges, claiming the schools colluded on the price of tuition. ABC News’ Christine Sloan has more.

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26 thoughts on “Top universities accused of price-fixing”
  1. This is abhorrent. But in hypercapitalist America, where we let you die if you can't afford health insurance (or go bankrupt), or saddle you with student debt for life EVEN IF you go bankrupt, this is to be expected. Some say this is the greatest country in the world. My reply always is, "For who?"

  2. In the mid90s I knew an older gentleman who shared office space with the company I worked for. He was a golfer and good friends with the Dean of UPenn. The Dean told him in passing that UPenn, at that time, actually had amassed so much money in ALUMNI ENDOWMENTS (which was invested) that UPenn never really had to charge a tuition fee to any student ever again. When asked yhen why they still charged tuition? He responded because of "PERCEIVED VALUE" of the UPenn school just like that of Yale, Harvard, etc.

  3. They all need to go down in flames. They're all lying to high school kids who can barely do their own laundry, telling them that they are their gateway to a bright future and plunging them into lifelong debt. The quality of the education is underwhelming to say the least. I don't care how legal it is, it's highly immoral and there's no way I'm sending my kids there.

  4. In the mid90s I knew an older gentleman who shared office space with the company I worked for. He was a golfer and good friends with the Dean of UPenn. The Dean told him in passing that UPenn, at that time, actually had amassed so much money in ALUMNI ENDOWMENTS (which was invested) that UPenn never really had to charge a tuition fee to any student ever again. When asked yhen why they still charged tuition? He responded because of "PERCEIVED VALUE" of the UPenn school just like that of Yale, Harvard, etc.

  5. In the mid90s I knew an older gentleman who shared office space with the company I worked for. He was a golfer and good friends with the Dean of UPenn. The Dean told him in passing that UPenn, at that time, actually had amassed so much money in ALUMNI ENDOWMENTS (which was invested) that UPenn never really had to charge a tuition fee to any student ever again. When asked yhen why they still charged tuition? He responded because of "PERCEIVED VALUE" of the UPenn school just like that of Yale, Harvard, etc.

  6. It would be great if Elon musk stepped up and joined the lawsuit…College is a legal way of ripping off the public

  7. In the mid90s I knew an older gentleman who shared office space with the company I worked for. He was a golfer and good friends with the Dean of UPenn. The Dean told him in passing that UPenn, at that time, actually had amassed so much money in ALUMNI ENDOWMENTS (which was invested) that UPenn never really had to charge a tuition fee to any student ever again. When asked yhen why they still charged tuition? He responded because of "PERCEIVED VALUE" of the UPenn school just like that of Yale, Harvard, etc.

  8. I thought these universities were safe spaces but this sounds exactly like the systematic racism that they talk so much about. Interesting

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