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DeVry refund update

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As part of the FTC’s settlement with DeVry University for deceptive advertising, the school agreed to pay $49.4 million to the FTC for partial refunds to some students. The FTC plans to mail checks before the end of the summer to people who:

  • enrolled for the first time in a bachelor’s or associate’s degree program at DeVry University between January 1, 2008 and October 1, 2015;
  • paid at least $5,000 with cash, loans or military benefits;
  • did not get debt or loan forgiveness as part of this settlement; and
  • completed at least one class credit.

The amount of each refund will depend on how much a person paid to DeVry. The refunds will not be the full amount of money people paid.

The FTC will use DeVry’s records to identify students eligible for refunds. If you were a DeVry student between January 1, 2008 and September 30, 2015, you don’t need to do anything to apply for a refund. If you think you might be eligible, and your address has changed since you attended DeVry, you can call the FTC refund administrator at 844-578-2645 to update your address.

For information about the DeVry redress program, visit FTC.gov/DeVry and sign up for email updates. To learn more about repaying federal student aid, check out the Department of Education’s loan repayment page.

Note: On May 11, 2017, we edited this post to clarify that a student had to enroll in a degree program for the first time between January 1, 2008 and October 1, 2015.

Tagged with: college, refunds

Comments

Hey Bridget, I have a question. I had federal loans only when I attended DeVry. After reading the post, and calling FTC it looks like I will be getting a refund from FTC. I also filed 'Borrwer Defense to Repayment Loan Forgiveness' through DOE. This process takes about a year from what I know, but my question is, if I get a refund from FTC this summer, and IF DoE decides to approve my case will I owe that refund back to FTC? I guess my question is whether or not FTC refund and 'Borrowers Defense' from DOE affect each other in any way? or are they not related at all?

Is there any sort of rough estimate? Are we talking hundred of dollars a person, thousands, etc? Just trying to gauge things.

Kind of ridiculous. The interest that has accumulated should be erased as well. A small refund isn't going to help those that at over 50k in debt now, like myself.

When will correspondence go out to us which will receive a refund as to percentage and time frame?

Will we be getting more than $5,000$?

Yes I Will Take Money

The terms say enrolled. Technically I enrolled in 2007 but I went from then until graduation in 2012. Does that make me ineligible. I can assure you they used that 90% job placement information to sway my decision.

PEOPLE! Before you post on here, read this entire blog. It will answer all of your questions. FTC is mailing out refund checks by end of summer, if you qualify. It will be a percentage based on how much total you paid. They don't know the percentage yet.

What are Devry issued loans? Sallie Mae, Nelnet, fedloans, AESuccess???????????

A DeVry issued loan is an institutional loan that came directly from DeVry. A DeVry issued loan is different from federal loans. Federal loans come from the federal government. If you don't know who issued your loans, look at the paperwork you got when you took out the loan, or look at your account online. There will be information about you issued your loan.

How much will be the partial refund? I saw on the website that the refund will be some percentage of the total cost paid while attending Devry. Exactly how many percent is still up in the air... muy questioin is how will the FTC figure out the percentage for the partial refund?

The FTC will distribute the $49.5 million settlement fund among 175,000 eligible students.  Each student will get back a percentage of the total amount the student paid to attend DeVry. If some people don’t cash their checks, the FTC will use the remaining money to send a second round of checks.

Hi all,I went to devry n got my bs in accounting,but,still too much loan on my head,bkz,after a long time,I got an entry level position job,but,can't afford it to pay so,fedloan massed my credit,so,I m paying them slow by slow.so,is there any other alernative way??? Thanks...

I attended DeVry between 2013-Jan 2016. and I believe all other conditions apply to me, in that case what do I need to do?

Tried calling to update my address, since I've moved since graduating. No phone call back, no answer. How am I supposed to update if the FTC refused to cooperate and answer the phone?

I called in the morning if you call after 5 you get the message to leave a message.

Pretty sure all of our loans ( Federal and Private ) came and were issued by DeVry

hi, I was student of Devry University from 2004-2009 and I also believed we have to be compensated not only the ones enrolled from Jan 1, 2008- oct 1 , 2015, I graduated on 2009, why I'm not eligible for a refund when I paid 60,000 for not getting a job more than 2 yrs. that is not right.

I agree, I was a student at Devry University as well and graduated in 2008. I was told the same lies about job placement and higher salaries. It was the complete opposite, and I have nothing but loan debts now.

IS THERE SOMEONE TO CONTACT ABOUT THIS?

Thank you!

The FTC will use DeVry’s records to identify students eligible for refunds. If you enrolled for the first time in a bachelor’s or associate’s degree program between January 1, 2008 and October 1, 2015 and meet other eligibility criteria, you don’t need to do anything to apply for a refund.The FTC will use DeVry’s records to identify students eligible for refunds.

Are the refunds from the FTC for this settlement taxable income? In other words will we have to claim the refund on taxes?

are Stafford Loans included in this plan?

There are four things a student has to do to be eligible for an FTC refund. One eligibility criteria is to have "paid at least $5,000 with cash, loans or military benefits."

Are you asking if a student who used Stafford loans to pay at least $5,000 with cash, loans or militiary benefits can satisfy this one eligibility criteria?  The short answer is "yes."

Hi,

So I looked at my transcript and even though I enrolled during the fall semester of 07 (October 29, 2007 to March 2, 2008), I didn't exactly start my first class until January 2008. Would I be eligible? I know I meet the other criteria. Is there maybe a number that I can call to see if my name is on the list?

GOod Morning, i just called the refund administrator and they just told me that i was not on the list. I enrolled in 2010 and meet ALL of these requirements: enrolled in a bachelor’s or associate’s degree program at DeVry University between January 1, 2008 and October 1, 2015; paid at least $5,000 with cash, loans or military benefits; did not get debt or loan forgiveness as part of this settlement; and completed at least one class credit. How do i get my name on that list? Please I assure you I'm not lying.

Please make a copy of your comment and send it to BlogInfo@ftc.gov. Put DeVry Update in the subject line.

I called the Admin and I'm not on the list. What do we do if we feel like we meet all criteria and should be on the list?

Is their a lawsuit pending against Keller school of management??

After reading the article, I attended Devry from 2006 through 2011. I am assuming I would not be eligible to receive any money from this law suit since I am outside of the parameters?

so being deceptive in 2007 doesn't count. wow, that is seriously messed up. good thing there is a different class action lawsuit going on.

What if my contact imformation is is different from when I was enrolled in DeVry? How will I know If I am include in the settlement?

So how do we find out that we qualify for a refund?

everyone call that crazy number and ask how many people are in the refund list might give us an idea how much money some of us maybe getting...

This is kinda BS, I enrolled the fall of 2007 right before the Jan 1 2008 cutoff, and They used Salary stats and hiring promises like they were trying to sell us a car..

I don't get how DeVry got off so easy, This settlement should be closer to $300 Million not $100 Million and back to 2000 - Present.

How is the refund amount determined? And at what point should I receive correspondence regarding this matter from DeVry? I've communicated with a Megan McClure who indicated that she has no knowledge of this matter, and asked if I could forward my correspondence to her for review. I started in March 2009, and went back in 2011 and I currently have over $40,000 in student loans...I wonder will this play apart. Just trying to validate the information I've been provided

The FTC will use DeVry’s records to identify students eligible for refunds. If you were a DeVry student between January 1, 2008 and September 30, 2015, you don’t need to do anything to apply for a refund.

This is the response that I got from DeVry today, care to explain in detail what this is suppose to mean.

**Please see below** Hi Latonya. The settlement was finalized by the court on December 19th. The write-off’s were administered and distributed by the FTC at its sole discretion. Students would have been notified by January 18th if you were part of that selection; the write-off’s weren’t for every student that met every requirement. Thank you.

Megan McClure Student Support Advisor II DeVry University 4013 NW Expressway, Suite 100 Oklahoma City, OK 73116 p: 405.767. 9516 f:  405.842.4573 e: mmcclure @ devry.edu cid:image002.png @ 01D2BD0F.AAF52F80

I can't explain what the message from DeVry means. Please talk with someone at DeVry about their message.

I can tell you that the FTC's settlement with DeVry University has multiple parts. In one part, DeVry provided $50.6 million to provide loan and debt forgiveness for students who owed money directly to DeVry. The settlement required DeVry to forgive and cancel the entire unpaid balance of all private student loans DeVry University made directly to students between September 1, 2008 and September 30, 2015 and to cancel $20.25 million in debts eligible students owed to DeVry University for things like tuition, books and lab fees.

A second part of the settlement provides $49.4 million that the FTC will use to provide partial refunds to people who paid for DeVry classes. This blog is about the FTC refunds, and what students have to do to be eligible for a FTC refund.

Please listen everyone...
Depending on the amount of others debt to devry will only decrease your refund. With that said... I'd say 5-10% will be refunded which is very sad and depressing.
So again listen up if you are on or not on the list of the refund but attended devry based on the advertising they did you will want to file a borrowers defense against repayment on devry. Based on this settlement from the ftc will only help you prove devry defrauded you.
So listen up. Please file a borrowers defense against repayment against devry for total relief... Go to the studentaid.ed.gov and file a borrowers defense against repayment against devry.

That estimate is way too high! To qualify, everyone had to at least pay $5,000. If they just paid all 175,000 eligible students the same amount, the refund would be $282.28, which would be 5.6% of $5,000. However, many people paid MUCH more than $5,000 to DeVry, so that means the percentage will have to be much lower than even 5% of what we paid to DeVry. I would expect the percentage to come out around 1%, just like most class action settlements. The purpose of these settlements is NOT to make the affected whole, it is to punish the company for breaking the law. Even though we won't see much back, DeVry still had to pay $100mil, and will lose much more than that in future business while they try to rebuild their brand. It is all about trying to dissuade the next company from doing the same thing.

Right on... Sad but true. It will be less than 1 %

Is there any consideration to the amount still owed as well? Because my husband has paid well over $5,000 and meets all the other criteria. But the fact that it is based on a percentage paid versus the percentage owed makes me nervous, since we will still owe a lot of money and have to pay even though this school and its "education" was obviously a con. Is there going to be consideration of total owed?

The amount of each refund under the FTC settlement will depend on how much a person paid to DeVry, not the amount owed.

Hi, I'm looking at my transcript for my time at Devry and while I was enrolled in the October 29, 2007 - March 2, 2008 semester, my very first class I was enrolled in was January. I distinctly remember moving from Georgia to Texas at that time and started my first week on January 8,2008. Would I be eligible for this refund even though I didn't officially start my undergraduate degree in 2008?

One of the eligibility criteria is that you have to have enrolled for the first time in a bachelor’s or associate’s degree program at DeVry University between January 1, 2008 and October 1, 2015. If you enrolled in October of 2007, you wouldn't be eligible.

I was a student between 2010 and 2013. I. Paid with federal student loans ,grants, and 61.35 cash. Still owe 52000 thousand in student loans . how do. i find out. If i am eligible for this

The FTC will use DeVry’s records to identify students eligible for refunds. If you were a DeVry student between January 1, 2008 and September 30, 2015, you don’t need to do anything to apply for a refund. If you think you might be eligible, and your address has changed since you attended DeVry, you can call the FTC refund administrator at 844-578-2645 to update your address.

Ms. Small I have $45,000 of USDOE loans that fall into the bullets you provided. Is there any calculation I can use to help determine a ballpark amount of the refund?

The FTC will distribute the $49.5 million settlement fund among 175,000 eligible students. Each student will get back a percentage of the total amount the student paid to attend DeVry. If some people don’t cash their checks, the FTC will use the remaining money to send a second round of checks.

About How many students has the FTC identified as eligible?

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