If you would like to get email updates about this settlement, please sign up here. You don’t have to apply or submit a claim to get a payment. Check out Choosing a College: Questions to Ask.Īdded on December 19, 2019: The FTC will identify people who are eligible for a payment from the $50 million University of Phoenix settlement with the FTC. If you’re looking to advance your education, do your homework to be sure you know what you’re paying for. Search online for the school’s name plus words like “review,” “complaint” or “scam.” For example, if you enter a school’s name, you can find out if it’s public or private, for-profit or non-profit, its accreditation status, and its student loan default rates.Īlso, check out what are people are saying about schools you’re considering. Department of Education’s College Navigator. You can get important information about any school at the U.S. In addition, it requires them to ask consumer reporting agencies to delete the debts from people’s credit reports, give notice to those who got debt cancellation, and make sure people have access to their diplomas and transcripts.īefore enrolling in school, it’s important to do your homework. The proposed order prohibits the companies from further deceptive business practices. The companies’ “Let’s Get to Work” campaign featured several high-profile employers, including Microsoft, Twitter, Adobe, and Yahoo!, giving the false impression that UOP worked with those companies to create job opportunities for its students.Īs part of the $191 million settlement, the companies will return $50 million in cash to former students and cancel $141 million in student debt owed directly to the school. The FTC says that University of Phoenix used a multi-media ad campaign to attract students, including ads specifically targeted to military and Hispanic consumers. In a proposed settlement announced today, the FTC says that for-profit University of Phoenix, and its parent company, Apollo Education Group, Inc., falsely claimed that their relationships with top companies created job opportunities specifically for Phoenix students and deceptively claimed they worked with these companies to develop courses. In fact, the FTC says that’s just what one for-profit university did as part of an extensive advertising campaign. But beware: Claims like this may be a ploy to attract new students - and your tuition dollars. So when a college or university claims it has relationships with well-known employers, that may convince you to attend. In a competitive job market, it helps to have connections. Most people go to college to earn a degree and get a good job. Identity Theft and Online Security Show/hide Identity Theft and Online Security menu items.Unwanted Calls, Emails, and Texts Show/hide Unwanted Calls, Emails, and Texts menu items.Money-Making Opportunities and Investments.Jobs and Making Money Show/hide Jobs and Making Money menu items.Credit, Loans, and Debt Show/hide Credit, Loans, and Debt menu items.Shopping and Donating Show/hide Shopping and Donating menu items.
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