The institution, one of 17 named in a class-action lawsuit, will also provide documents that are expected to help the case against the other colleges. The University of Chicago will pay $13.5 million to settle claims it conspired with other wealthy colleges to price-fix its financial aid packages, driving up the cost of college, according to court documents. The institution, which did not admit wrongdoing as part of the settlement, is the first of the 17 institutions named in the class-action lawsuit to settle. The case was brought by students and graduates of the colleges and their family members.
