Yesterday, the U.S. Department of Education (Department) announced that it will discharge all remaining federal student loans that borrowers received to attend ITT Technical Institute (ITT) from January 1, 2005, through its closure in September 2016. The decision, which follows Departmental findings based on extensive internal records, testimony from ITT managers and recruiters, and first-hand …
Nearly 16,000 borrowers will receive $415 million in borrower defense to repayment discharges following the approval of four new findings and the continued review of claims. This includes approximately 1,800 former DeVry University (DeVry) students who will receive approximately $71.7 million in full borrower defense discharges after the U.S. Department of Education (Department) determined that …
The FTC made the announcement below that seems to open the door for students with federal student loans to explore the possibility of applying for a Borrower Defense Loan Discharge. The Federal Trade Commission put 70 for-profit higher education institutions on notice that the agency is cracking down on any false promises they make about …
Starting today, the Federal Trade Commission is mailing 173,000 refund checks totaling more than $49 million to students in compensation for DeVry University’s allegedly misleading ads, which the Commission alleged deceived students about their likelihood of finding jobs in their field of study and the income level they could achieve upon graduation. According to the …
About a year ago, the Federal Trade Commission filed a lawsuit against DeVry University, alleging that DeVry had engaged in deceptive advertising. Specifically, the FTC charged DeVry with making false claims about the employment prospects for DeVry graduates. This month, DeVry settled the FTC lawsuit for $100 million, which may sound like a lot of …
DeVry University and its parent company have agreed to a $100 million settlement of a Federal Trade Commission lawsuit alleging that they misled prospective students with ads that touted high employment success rates and income levels upon graduation. The FTC settlement secures significant financial redress for tens of thousands of students harmed by DeVry’s conduct. …
The Department of Education just announced a settlement with DeVry University that appears to have some big implications for consumers. I’ll post the announcement below and include my comments in the appropriate sections. U.S. Department of Education Reaches Settlement with DeVry University Over Job Placement Claims The U.S. Department of Education today announced a settlement …
In my ongoing thread over the concern colleges and universities have been enrolling students and not giving them the window sticker of what was really to be expected (see this, this, and this) comes this interesting information out today. While some students were induced to enroll in college and go deep into debt, there is …
I’ve been rattling on about a trend I’m seeing in college enrollment deception and the ability for people to file a claim to discharge, in full, their federal student loans. See this article. I’ve advised haste to get claims in and what to do before the door closes on this current process. See this article. …
Copy of Federal Trade Commission lawsuit filed against DeVry Education Group, DeVry University, and Devry/New York on January 27, 2016.