such links, we may receive a commission, but it will not result in any additional charges to you. For-profit schools tend to have more dropouts than found at public and private colleges. Court documents establishing the settlement give the University of Phoenix and its parent company, Apollo Education Group, 15 business days to send an email and letter to eligible students, informing them that they're covered by the agreement. Feds send refunds totaling nearly $50M to 147K University of ftc v university of phoenix refund administrator 7167 You must contact the I got two degrees with from them with no job. I think what this case demonstrates is the deep systemic problems that continue to exist in the student loan market and in particular around predatory for-profit schools, lamented Frotman. document.getElementById( "ak_js_5" ).setAttribute( "value", ( new Date() ).getTime() ); @2023 Top Class Actions. The Federal Trade Commission is sending almost $50 million in settlement payments to University of Phoenix students for advertisements that may have led them to believe the university had relationships with major national companies. WebThe Federal Trade Commission announced Wednesday that it is sending refunds totaling nearly $50 million to more than 147,000 University of Phoenix students who may have The FTC is sending a total of almost $50 million to nearly 147,500 students of the University of Phoenix. The marketing campaign ran from late 2012 to early 2014. INTERNATIONAL REGISTRIES, INC. | Reston | US | AIS Marine Traffic In fact, reportedly, graduates of University of Phoenix receive the most Pell Grant assistance of any other for-profit university. When choosing a university, potential students often take into account the professional relationships that school has with high-profile companies. WebInternational Registries, Inc. and its affiliates (IRI) provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries. But about 700 students will get payment through PayPal. The University of Phoenix has agreed to pay $191 million to settle charges that it used deceptive advertising to recruit students, according to reporting by NPR. The FTC said some of the ads targeted military and Hispanic consumers, specifically. status of any class action settlement claim. FTC Sends About $50 Million in Refunds to Ex-University of Apollo both owns and runs the university. I ended up changing schools due to this issue and not continuing on for further degrees, which I did get. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. The settlement includes a plan to cancel $141 million in student debts that are owed to the school by people who enrolled from October 2012 through the end of 2016 the period in which the FTC says prospective students might have been duped. It took 5 years to graduate not 4. Those who receive a check have 90 days to cash it. On top of the false promises that the FTC argued that the University of Phoenix used to attract new students, the ad campaign also allegedly targeted certain vulnerable groups in particular, including people of color and military veterans, reports Forbes.
ftc v university of phoenix refund administrator 7167