Brown, Yale and Columbia to pay $62m in lawsuit claiming they favor wealthy applicants

Plaintiffs claim schools conspired to restrict aid by violating pledge not to consider students' finances in admissions decisions

Brown, Yale and Columbia universities have agreed to pay a combined $62m to resolve a lawsuit that accused them and others of favoring wealthy applicants, pushing total settlements in the case to $118m.

Lawyers for a proposed class of hundreds of thousands of current and former US college students disclosed the latest settlements, which also include Emory and Duke, in a filing late Tuesday in Chicago federal court.