Judge allows price-fixing lawsuit to proceed against Northwestern, University of Chicago, 14 other prominent universities

A class action lawsuit is moving forward against 16 prominent universities, including Northwestern University and the University of Chicago, accusing them of holding back financial aid to students who qualified.

A federal judge on Monday denied several motions from the schools’ defense attorneys, seeking to dismiss the case.

The lawsuit, filed in February, accuses the schools of taking part in a price-fixing formula that reduced or eliminated financial aid.

The lawsuit claims the schools colluded to set financial aid packages, while some colleges are also accused of discriminating against low-income applicants.

Read more on CBS News.

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