Some DeVry University Former Students Are Getting Refund Checks in the Mail

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 … Read more

DeVry University settles deceptive advertising claims with FTC for $100 million: Chicken Feed

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 … Read more

DeVry University Students to Get Help With Student Loan Debt

Interest rate negotiation can result in a lower interest rate than you are paying now.

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. … Read more

Dept of Ed Settlement With DeVry University Raises Serious Issues

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 … Read more

Before You Enrolled in College Did They Tell You Your Degree Sucks?

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 … Read more

FTC Makes Case Students Deceived in College Enrollment

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. … Read more

DeVry Called Me and Told Me I Could Qualify for Student Loans. – Maria

“Dear Steve, less than a yr ago i ask for online school information…devry called and offer me financial aid together with my career… they told me since i wasn’t with my parents no more that i could qualify for students loan…i started taking classes one by one…than on my first classes my grades drop because … Read more

DeVry is Chasing Me for a Debt I Don’t Think I Owe. – Jodi

“Dear Steve, I attended DeVry online 5 years ago. Was only enrolled for two semesters. Since then I have been paying on two student loans. Original total was around $9000. Three month ago a company (ACS) sends me a letter to inform me that I will have to start paying them back. This letter said … Read more

DeVry University Says I Owe an Educard Loan And I Can’t Get My Diploma. – Heather

“Dear Steve, I attended Devry university online. I finished my degree program and had no outstanding debts. I went ahead and applied for graduation and bachelor courses. The next day I had a charge over $2,000. They said it was an educard loan. They wanted it all at one time. I told them I could … Read more

DeVry University Says I Owe Money on an Educard and Won’t Give Me My Transcript So I Can Go back to School. – Tonya

I am from North Carolina and I attended DeVry University in Decatur, GA back in 1997. I went for a year and half and then had to withdraw for personal reasons. My father had borrowed money from his 401K to help pay for my tuition. I also received goverment loans to cover the extra expenses. … Read more

Want to Pay a Lot for College But Never Graduate? Go to a For-Profit University.

In a recent report, Subprime Opportunity: The Unfulfilled Promise of For-Profit Colleges and Universities the University of Phoenix didn’t fare too well when it came to graduating students. According to the report, only 9% of student enrolled actually graduated within six years. University of Phoenix, DeVry University, The Art institute, Berkeley College, Sullivan University, Westwood … Read more

Student Loan Debt: The Next Subprime Bubble to Burst?

I just finished watching the Frontline PBS show College, Inc. about for-profit education and the resulting student loan debt. It was estimated that students in for-profit colleges will graduate with double the amount of student loan debt as compared to a traditional university. The default rate was alarming as well. For-profit colleges account for 10% … Read more