Yale will pay $18.5 million to settle its own part in a class-action suit that accused 17 elite universities of price fixing. Seven other universities have also agreed to a monetary settlement. The suit alleges that the schools, which were allowed to share information with each other about financial aid under a federal exception that required their admissions policy to be need-blind, were not in fact completely need-blind in their practices. The university said in a statement that “this settlement contains no admission that Yale did anything wrong but allows the university to avoid the cost and disruption of further litigation and to continue its work in making undergraduate education more affordable for more families.”
A new building for the dramatic arts will begin taking shape in the area of Chapel, York and Crown Streets, thanks to what the university calls a “pivotal lead gift.” The building will house a state-of-the-art theater for the David Geffen School of Drama and for the Yale Repertory Theatre. It will also provide rehearsal space, classrooms, offices, and production workshops for the drama school, the undergraduate program in theater, dance, and performance studies, and the Yale Dramat. The Toronto firm KPMB Architects is designing the building.
The sticker price for a Yale College education will go up by 3.9 percent for 2024–25, to $87,150. Fewer than half of undergraduates will likely pay that much, however: 53 percent currently receive some amount of financial aid. The average financial aid award is more than $66,000.
L. L. Bean closed its store in the Broadway district in February. The clothing and outdoor equipment retailer had been on Elm Street since 2018, occupying a 9,000-square-foot store in the base of a Yale-owned dormitory for graduate students. Yale University Properties says a fashion retailer is tentatively expected to open later this year.
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