DeVry University Lawsuit Again Shows Downside of For-Profit Colleges

DeVry University Lawsuit Again Shows Downside of For-Profit Colleges
What you need to know about for-profit schools

By Donna Rosato
January 28, 2016

http://www.consumerreports.org/consumer-protection/devry-university-lawsuit-again-shows-downside-of-for-profit-colleges/

It’s getting harder to make the case that going to a for-profit college pays off. For many students, it could turn out to be a very poor financial investment.

The latest evidence came Wednesday, when the Federal Trade Commission announced a lawsuit against DeVry University, one of the largest for-profit colleges, with tens of thousands of students enrolled at 55 campuses in 18 states. The FTC alleges that DeVry University advertisements deceived consumers about the likelihood that graduates would find jobs in their fields of study and would earn more than those graduating with bachelor’s degrees from other colleges or universities. Continue reading

Durbin: “FTC Charges Of Deception Against DeVry University Are The Latest Chapter In The Shameful Story Of So Many For-Profit Colleges”

Durbin: “FTC Charges Of Deception Against DeVry University Are The Latest Chapter In The Shameful Story Of So Many For-Profit Colleges”

http://www.durbin.senate.gov/newsroom/press-releases/durbin-ftc-charges-of-deception-against-devry-university-are-the-latest-chapter-in-the-shameful-story-of-so-many-for-profit-colleges

01.27.16

Students From DeVry University Are The ‘Story Behind The Story’ Cumulatively Holding $8.3 Billion In Student Debt, But Nearly Half Aren’t Prepared To Pay It Back

[WASHINGTON, D.C.] – After learning that the Federal Trade Commission (FTC) filed suit against DeVry University, U.S. Senator Dick Durbin (D-IL) today said “it’s time to clean up the for-profit college industry and stand up for students and taxpaying families.”  DeVry University is a for-profit college whose students cumulatively hold $8.3 billion in student debt – the fourth highest debt volume of any higher education institution in America – and have a 2009 five-year cohort default rate of 43%. Continue reading

Credit Suisse Analyst Who Touts DeVry Previously Touted Corinthian

Credit Suisse Analyst Who Touts DeVry Previously Touted Corinthian

02/08/2016 08:48 am ET

David Halperin,     Attorney, advocate, writer at RepublicReport.org

http://www.huffingtonpost.com/davidhalperin/credit-suisse-analyst-who_b_9184516.html

Credit Suisse got the attention of Wall Street last week when it issued a report recommending that investors buy shares in one of the largest for-profit college companies, DeVry Education Group. The report came less than a week after the Federal Trade Commission sued DeVry for allegedly misleading students about job placement rates and salaries for the school’s graduates, with damages potentially reaching $8.6 billion. Continue reading