The University of Pheonix will forgive millions in debt
As part of a settlement with the Federal Trade Commission, the online University of Phoenix will cancel $141 million worth of student debt. The FTC accused the online university of making false and misleading statements in its advertising.
According to the FTC’s complaint, the University of Phoenix put out false advertising insinuating that graduates of the University of Phoenix would be offered jobs at top tech companies like Yahoo and Microsoft. The University knowingly gave “the false impression that [the university] worked with [well-known national] companies to create job opportunities for its students and tailor its curriculum for such jobs.”
Any student who enrolled in the University of Phoenix between October 2012 and late 2016 will receive a letter informing them that their debt has been eliminated and they no longer owe money to the school. The letter will state, “You no longer owe any money to the University of Phoenix. You don’t have to do anything to get this relief. Your account balance will be cleared within 45 business days.”
The FTC said that the University of Phoenix targeted minorities, military veterans, and military spouses for enrollment. The online university, at its height, had half a million students. However, enrollment in the for-profit online university has fallen dramatically due to several investigations into its practices.
-
Is Texas Taking the Right Step Towards a Better America? The Austin Guaranteed Income Pilot, Texas’s pioneering tax-payer-funded basic...
-
Newly Released Footage Reveals Arrest at Miami Airport Newly released body camera footage reveals the arrest of 73-year-old Donna...
-
President Biden’s re-election strategy balances White House proximity with campaign focus in a unique approach to the upcoming election....
-
Jackson Pierce Arrested for Second-Degree Murder and Tampering with Evidence in St. Peters Homicide Case The St. Peters Police...
-
As scrutiny intensifies, Fujitsu faces repercussions for its role in the Post Office scandal. The UK government has issued...
-
The Trump campaign is optimistic about winning the Iowa caucuses, anticipating a significant margin as a litmus test. A...
-
President Biden takes action in response to attack on U.S. service members Early Christmas morning, three U.S. service members...
-
Neal Brij Sidhwaney Faces Potential Prison Sentence for Voiced Threats Against Unnamed Supreme Court Justice. Neal Brij Sidhwaney, a...
-
Silver Sedan Hits Secret Service Vehicle in Wilmington Incident; President and First Lady Safely Evacuated. President Joe Biden and...
-
Concerns Rise as Inner Circle Signals Retribution Against Opponents and Media Recent statements from key allies within Donald Trump’s...
-
President Biden’s U.S. Fish and Wildlife Service takes crucial steps to protect wolverines in the face of climate change,...
-
President Biden invokes the Defense Production Act to strengthen American supply chains. In a strategic move to fortify American...