greenleaf123/iStock/Getty Images

A federal judge in Illinois has dismissed a lawsuit accusing the College Board and 40 highly selective private colleges and universities of conspiring in a price-fixing scheme to inflate tuition costs.

In a decision released last week, U.S. District Judge Sara Ellis determined that the plaintiffs, a Boston University student and an alum of Cornell University, “have not plausibly alleged that Defendants entered into an agreement” demonstrating collusion on pricing.

The class action lawsuit , filed just shy of a year ago, alleged that the defendants overcharged tuition for students of divorced or separated parents by considering the financial information of the noncustodial parent, as well as the custodial one, in calculating financial aid awards. The

See Full Page