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.
-
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...
-
An alarming surge in harassment prompts security concerns, as court staff, including Judge Engoron and his clerk, grapple with...
-
President Biden adds a touch of humor to the annual Thanksgiving turkey Jokes ceremony. President Joe Biden marked his...
-
Former First Lady’s Legacy Lives On in Dedication to Caregiving, Peace, and Mental Health Reform The Carter Center announces...
-
Is the Tension Between China and the U.S. Increasing? Following four hours of straightforward summit talks on the outskirts...
-
Secretary of State Antony Blinken calls for de-escalation as fighting displaces millions and raises concerns for upcoming Congo elections....
-
Taking Precautions in Uganda and Kenya for Safe Travels The U.S. Embassy has recently issued important security alerts for...
-
White House Reveals Disturbing Executions and Threats in Conflict The White House has disclosed deeply concerning information regarding the...
-
Military Exercises Coincide with Treaty Developments Amid Global Concerns Russia recently executed a large-scale military exercise to rehearse its...
-
Tech Billionaire Proposes Renaming Wikipedia to ‘Dickipedia’ in Exchange for Record Donation In a recent social media spectacle, tech...