“Students making important decisions about their education need the facts, not fantasy job opportunities that don’t exist, “said Andrew Smith, the director of the FTC’s Bureau of Consumer Protection.
The university is predicated in Phoenix and had nearly 100,000 students last year. Students primarily take classes online. the varsity was owned by a publicly-traded company from 1994 to 2016, when it had been sold to non-public investors. At its peak, the varsity had quite 470,000 students.
The commission’s complaint and stipulated final order, which was approved by commissioners, are going to be filed in court in Arizona, the FTC said. Stipulated final orders from the commission have the force of law after they’re approved and signed by a neighborhood court judge.
Rohit Chopra, one among the commissioners, said on Twitter that “today’s action against University of Phoenix and future actions against scam schools will set the stage for canceling more student debt and terminating bad-actor access to valuable government benefits.”
Students, meanwhile, are often left with “a mountain of debt and few career prospects” while for-profit schools haul in federal aid, Chopra said. The FTC started its investigation of University of Phoenix in 2015.
The university noted that the settlement involved “a single advertisement campaign that ran from late 2012 to early 2014 and occurred under prior ownership.”
In a statement, it said it continues to “believe the university acted appropriately.”
“This settlement agreement will enable us to take care of specialise in our core mission of improving the lives of scholars through career-relevant education , and to avoid any longer distraction from serving students that would have resulted from protracted litigation, also because the time and expense of the litigation itself,” the university said.
In 2019, many students can be qualified for the University of Phoenix student loan forgiveness. After the lawsuit against UOP, it became clear for everybody that the University of Phoenix committed illegal activities and violated the state laws. The lawsuit charged the UOP, as it used delusive recruiting methods, misrepresenting the income and job replacement rates. After this student loan class action lawsuit, University of Phoenix settled $10 million by ED. As the Department of Education announced, borrowers may get partial loan forgiveness, depending on their income. If you are a student misled and defrauded by the University of Phoenix, there are closed for-profit school student forgiveness programs, such as Borrower Defense to Repayment to discharge your student loans. In our article, we will guide you through the application process on how to get the University of Phoenix student loan forgiveness.
The University of Phoenix is founded in 1976, headquartered in Arizona, the United States of America. The University started with eight students as a for-profit school. The enrollment at the university was high in 2010, but the numbers declined after the lawsuit. Since 2015, the University of Phoenix has been investigated by FTC.
The University of Phoenix committed illicit activities against both the students and the federal government. UOP violated the state laws, defrauded the students about getting student loans, and job placement after graduation.
If you are among the deceived victims of this school, there is an opportunity for you to get a discharge for your student loans. The University of Phoenix student loan forgiveness is for the borrowers who believe they are misled and defrauded by UOP.
The University of Phoenix is accused of many deceitful and illicit actions against the students. The class action lawsuit is the end for UOP. Many students claimed that education quality was not as good as the university promised. As a for-profit school, the University of Phoenix is being sued for violation of the contract and the contractual relations, taking the advantages of many low-class citizens, false advertisements, terrible actions, such as providing false information to the government about student aid statistics.