DeVry Lawsuit Settlement Information:
Settlement Amount: $100 Million
Broken down As Follows:
$49.4 million for partial refunds to individuals who have previously paid for classes with DeVry
$50.6 million for debt and loan forgiveness for victims who owe Devry money.
Under terms reached with lawyers for the FTC, DeVry University must cancel any and all unpaid loans or balances owed by current and former students between the dates of September 1st 2008 and September 30th 2015.
Additionally, the lawsuit settlement forces DeVry to cancel over $20 million in debts owed to DeVry University by students for tuition, books, fees and other certain expenses.
DeVry University has been instructed to contact lawsuit beneficiaries via email within 30 days of the lawsuit settlement judgement being entered.
The FTC has made the following press release available to Do I Have A lawsuit and other true information or news providers for immediate release: