The FTC and DeVry University settled their legal battle over DeVry’s misleading advertisements and the school must now refund $20 million to students who took their educational programs. The money can be redeemed for tuition and fees or used to pay for other expenses. The company has 30 days to return the money. Those who didn’t receive their checks will have to wait a little longer. They may have to wait until January to apply for the remaining funds.
If you’re eligible for the refund, you can file a Borrower’s Defense claim.
The DeVry defense has a hard time arguing against this defense. The company admitted to deceptive advertising and has since apologized for its actions. The company also admits to misleading students about the employment rates and income of graduates. However, it’s important to understand the mechanics of the DeVry repayment plan.
To get a refund, you need to prove that the school lied about its employment rates and promised higher income levels than reality. While DeVry has never admitted any wrongdoing, it has conceded that it made false claims. The company has admitted to misleading students and has paid back their money. As a result, the FTC has issued a refund for any monies that students were not able to use.
While DeVry has admitted that it was doing illegal activity, the company’s advertising campaign failed to adequately inform the student population about the benefits of its programs.
As a result, the lawsuit will refund a total of $100 million to students who took out loans. While the settlement will only give students cashback, it will still cost thousands of borrowers tens of thousands of dollars. It is hoped that this will help them pay off their loans and receive the money they deserve.
In addition to the FTC’s settlement with the DeVry lawsuit, the school’s advertising lacked transparency, which is why they had to admit that it did not follow the law. It also admitted to misleading students by advertising that their degree programs would be able to land them a job within six months of graduation. Moreover, the advertising claims that DeVry made were not true. This means that it was illegal to make false claims about the qualifications of its graduates.
Although the FTC is currently waiting for more information from DeVry, the company has admitted to illegal activity.
They also falsely claimed that their graduates would earn the money they earned. This is a major flaw in the law, and the company has already apologeticized to affected students. In the meantime, the government will now distribute the $100 million settlement funds to eligible students. If the money does not reach the eligible individuals, then the students will be notified by the FTC.
In the FTC’s lawsuit, DeVry pleaded guilty to misleading advertisements. It is worth pointing out that the school knowingly induced students to lie about their enrollment. The FTC is now investigating these companies. Moreover, the Department of Education approved a loan forgiveness program to help the affected students. The case against DeVry isn’t over yet, but it is still ongoing. It is important to follow all of the steps involved in a refund request and to stay vigilant.
The company is now distributing the money.
The company has been required to repay the settlement funds to students. The FTC’s ruling against the company has also triggered a re-examination of the school’s compensation practices. The FTC has said that DeVry was not responsible for the lawsuit. The department is waiting to get more information from the school. If the lawsuit is proven to be true, the college must reimburse all of the money it took from the students.
The FTC has also been forced to issue a partial refund to former DeVry students. In an attempt to punish the college, the FTC is granting a full refund to students. The company has also agreed to offer a “deferred” option for those who did not complete their courses. But it is unlikely to be enough to stop a deVry lawsuit. If the FTC does, then it has the right to rewrite the rules of the school.
