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DeVry will refund $100 million to students to settle FTC lawsuit

December 19, 2016

Via: CNN

DeVry University will pay $100 million to settle a lawsuit that alleged its ads misled prospective students, the Federal Trade Commission said Thursday.

The money will go back to tens of thousands of students that attended DeVry between 2008 and 2015. Some will be reimbursed with cash and others will receive debt relief.

The complaint alleged that DeVry’s TV, radio, online and print ads touted inflated job placement rates and post-grad income levels. Some ads, for example, said that 90% of grads since 1975 found jobs in their fields of study within six months of graduation.

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