Dartmouth College Settles Financial Aid Case for $33.75 Million

On July 20, a court approved Dartmouth’s $33.75 million settlement proposal in a class action lawsuit accusing the College — along with 16 other universities — of violating antitrust laws and conspiring to minimize financial aid for working and middle-class families, according to a press release shared by a representative for Gilbert Litigators & Counselors, one of the law firms representing the plaintiffs.

The College agreed to the settlement in February, and a court preliminarily approved it the same month. The plaintiffs accused 17 universities of illegally colluding on financial aid policies through the 568 Presidents Group, a consortium intended to standardize financial aid practices. The case was initially brought to court in January 2022 by former students of the defendant universities.

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