Statement on U.S. Department of Education Settlement with DeVry University
The settlement announced today between DeVry University and the U.S. Department of Education sends a strong message to all schools that make job placement claims: they need to have data to support them. This settlement provides greater oversight of DeVry while the Federal Trade Commission’s larger lawsuit alleging years of deceptive job placement and earnings claims is pending. Today’s settlement includes prudent taxpayer protections, including placing DeVry on provisional status and heightened cash monitoring, and requiring a letter of credit in case students are owed refunds or loan discharges.
