Business Blog
Do you have employees or colleagues who went to DeVry? Or perhaps you attended. You might have already gotten money back from the FTC. That’s thanks to a 2016 FTC settlement with the school over allegations that it didn’t tell the truth about how likely it was that its grads could get jobs in their field, or how much they’d earn compared to grads from other colleges. But now, you might be eligible to get your DeVry federal student loan debt discharged, thanks to recent actions taken by the Department of Education.
2017 and 2019, the FTC sent nearly $50 million in refunds to about 173,000 students that DeVry deceived — and, thanks to the case, DeVry also forgave $50.6 million that students owed to DeVry. But that’s not the end of the story. Just last week, the Department of Education announced that it has discharged the federal student loan debt of about 1,800 former DeVry students who were deceived by DeVry’s job claims. But those are just the people who’ve already submitted a claim to the Department of Education (ED) so far, through an application process called “borrower defense to repayment.” If you already submitted a claim to get your DeVry federal loans discharged, check your status under “Manage My Applications” on ED’s borrower defense page.
That’s still not the end of the story. If you’re a DeVry student who believed the school’s job claims, and your decision to go to DeVry was influenced by them, you can still apply to have your federal loans forgiven. You’ll need your FSA ID to get started at ED’s borrower defense page. Fill out the form, tell your story, and explain how those job placement claims affected your decision. Then submit.
But wait, there’s still more to the story! If you already got a refund from the FTC’s DeVry settlement fund, you can still apply for federal loan discharge from ED. In fact, be sure to mention it when you fill out your claim form.
Learn more about the FTC’s refunds under the DeVry settlement, and check out your options for filing a borrower defense claim. Then share this information with other people in your network who went to DeVry.
0 Comments
Read Our Privacy Act Statement
It is your choice whether to submit a comment. If you do, you must create a user name, or we will not post your comment. The Federal Trade Commission Act authorizes this information collection for purposes of managing online comments. Comments and user names are part of the Federal Trade Commission’s (FTC) public records system, and user names also are part of the FTC’s computer user records system. We may routinely use these records as described in the FTC’s Privacy Act system notices. For more information on how the FTC handles information that we collect, please read our privacy policy.
Comment Policy
This is a moderated blog; we review all comments before they are posted. We expect participants to treat each other and the bloggers with respect. We will not post comments that do not comply with our commenting policy. We may edit comments to remove links to commercial websites or personal information before posting them.
We won’t post:
Comments submitted to this blog become part of the public domain. To protect your privacy and the privacy of others, please do not include personal information. Also, do not use this blog to report fraud; instead, file a complaint.