DeVry University and its parent company, DeVry Education Group Inc., have agreed to pay $100 million to settle a Federal Trade Commission lawsuit alleging that the for-profit college misled potential students with ads about its post-graduation success rates.
As part of the settlement, DeVry will pay $50.6 million in debt relief, which includes $30.4 million to cover the total amount owed on all private, unpaid student loans issued to undergraduates by DeVry between September 2008 and September 2015, and $20.3 million to cover other student debt obligations, such as books and tuition.
The college also will pay $49.4 million in cash to...
Subscribe to Read More
Are You an Educator?
Get Free online access to all our
news and resources and get
eCampus News Today email newsletter