FTC Refunds $49MN to DeVry Students Over Deceptive Ads

FTC Refunds $49MN to DeVry Students Over Deceptive Ads

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Last year, DeVry Education Group settled with the Federal Trade Commission over deceptive ads that misled students on their chances at employment and base salaries for $100MN.

 

"DeVry deceptively claimed that 90 percent of its graduates actively seeking employment landed jobs in their field within six months of graduation and that graduates had 15 percent higher incomes one year after graduation on average than the graduates of all other colleges or universities" the complaint reads.

 

The FTC released a statement last week, noting that they would start mailing 173,000 refund checks to defrauded students in what would be a total of $49MN in payouts. First-time students who enrolled between Jan 1, 2008 and October 1, 2015, paid at least $5,000 in academic fees, and completed at least one credit should receive their checks and need to deposit within 60 days. 

Currently, 18 Attorney Generals are also raising a lawsuit with the Department of Education, who has recently reversed Obama-era regulations to protect students and taxpayers from for-profit college schemes.

 

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2 responses to “FTC Refunds $49MN to DeVry Students Over Deceptive Ads”

  1. pauline cameron says:

    The news is very disturbing. The only thing that these students wanted was their efforts made in college to pay off at the workplace. It is perfectly normal to want to earn a lot of money for what you. What is disappointing is that now these students are even in the bigger debt they were before. The complaints will be better addressed at the OnlineLoanService.com.au because they know how to manage and save money there. I hope that the decision will be made in students’ favor and they won’t be schemed like that ever again.

  2. students are probably glad

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