DeVry agrees to pay $100 million to settle FTC charges

DeVry University and its parent company has agreed to a $100 million settlement after a Federal Trade Commission lawsuit alleged they misled prospective students with advertisements that touted high employment success rates and income levels upon graduating.

FTC sues DeVry University over job placement claims

A large for-profit college is being sued by the Federal Trade Commission for allegedly misleading consumers about students’ job and earnings prospects. In their complaint, the FTC said DeVry University stretched the truth by claiming 90% of their graduates who were actively seeking employment landed new jobs in their field of study within six months of…