DeVry University & Federal Trade Commission Reach Resolution
I am pleased to share that DeVry University settled its litigation with the Federal Trade Commission (FTC) regarding our use of graduate employment statistics in past advertising campaigns.
This matter was essentially a disagreement about how to calculate and represent graduate employment data. That being said, continuing with prolonged legal proceedings would require investing significant resources, time and energy, which would be better directed toward our programs and services that support our students. With this in mind, we have chosen to resolve this matter and put it behind us.
What is important for you to know…
- At no time did the FTC accuse DeVry University of any fraudulent acts. At its core, this was a disagreement about how to calculate and represent graduate employment statistics.
- At no time has the FTC challenged the value of a DeVry education or its academic quality. DeVry University remains accredited by The Higher Learning Commission (HLC). The HLC is a regional accrediting agency recognized by both the U.S. Department of Education and the Council for Higher Education Accreditation.
- DeVry University has agreed to forgive unpaid balances on University loans issued before September 30, 2015. DeVry’s Institutional Loan Program (ILP) is different than the U.S. federal student loan program. With the ILP, DeVry University is the lender. Accordingly, DeVry University is agreeing to forgive loans where it is the lender. This will have no impact on loans taken from the federal government or a bank.
Those current and former students who are eligible for ILP forgiveness will receive a notification via email and U.S. mail within 30 days of the court approving the settlement. No action is necessary until the notification email and/or letter are received.
- DeVry University also agreed to forgive student account balances for some former DeVry University students. Those former students who are identified for student account balance forgiveness will be notified via email and U.S. mail within 30 days of the court approving the settlement. No action is necessary until the notification email and/or letter are received.
This resolution will not hinder our ability to provide high-quality education and support service to our students – what we call DeVry University Care. Should you have any questions about this settlement, we encourage you to call the Student Contact Center at 800.865.0403.
When inventor and educator Dr. Herman DeVry founded our university in 1931, he established a pioneering spirit of innovation and a commitment to career success for his students. We are honored and privileged to carry on that tradition by helping students change their lives for the better and improve the world around us, just as you are doing today. On behalf of DeVry University, I thank you for your continued support of your alma mater.
President, DeVry University