January 3, 2017
Charlene Crowell says that under the settlement terms, DeVry will pay
$49.4 million in cash to qualifying students who were harmed by the
deceptive ads, as well as provide $50.6 million in debt relief.
Stories this photo appears in:
DEVRY UNIVERSITY STUDENTS TO BENEFIT FROM $100 MILLION FTC SETTLEMENT
New Federal Educational Requirements Designed to Eliminate More Fraud
For the third time in two years, a large for-profit college has faced charges of defrauding its students. This time the charges stem from promises of jobs and incomes that never materialized. On December 15, the suburban Chicago-based DeVry University agreed to a $100 million settlement to end a lawsuit filed by the Federal Trade Commission (FTC). Filed in January, the FTC charged that from 2008 to 2015 the for-profit institution engaged in deceptive marketing and advertising.