DeVry University
The FTC alleged that DeVry University misled prospective students about graduates' employment rates and income levels. DeVry and its parent company agreed to a $100 million settlement in December 2016.
Resolved. Refunded, settled, ceased operating, or the claim did not hold up. Kept for the record.
Identity
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- Registrations
- FTC v. DeVry University (FTC case 132-3278, 2016)
- Jurisdictions
- United States (federal)
University resolves employment advertising allegations
The FTC alleged that DeVry University misled prospective students through advertisements that promoted high employment success rates and income levels after graduation. The supplied case description says DeVry University and its parent company agreed in December 2016 to settle the federal lawsuit for $100 million.
Under the settlement, DeVry was ordered to pay $49.4 million in cash. The description says that cash was distributed to qualifying students harmed by the advertisements. The settlement also provided $50.6 million in debt relief. Because the record field is limited to money ordered paid, redressOrderedUsd records the $49.4 million cash amount and does not add the debt relief.
What is not established
The supplied description reports the FTC’s allegations and the settlement. It does not say that DeVry admitted the allegations.
Sources
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- Enforcement action February 16, 2022
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First recorded February 16, 2022 · Last updated February 16, 2022