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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

The FTC has identified 175,000 eligible students.

Split evenly, that's $282.29 each.

Well it will be interesting to see what types of percentages will be used. That number is a tad bit disheartening.

They only were a couple billion short of getting a decent refund to the students....
Ftc failure. Settled for nothing.

How was this determined, because the information indicated per the FTC description. Because I was told that the selection was an FTC choice. Is this information accurate

Please look at the eligibility criteria at the top of this blog. The FTC plans to mail checks before the end of the summer to people who meet the four eligibility criteria.

Wow. So your saying this settlement is a complete joke.... Lol everyone is going to get like 50 dollars back.... Lol? I rather not waste my time with this load of crap.

According to $49,000,000 of the selttlement and 175,000 people that they are going to pay out, everyone is looking at getting a check for about $280

That's not what the FTC said.  The FTC did not say it will divide the total amount of the settlement by the number of eligible students.

The FTC said each student will get back a percentage of the total amount he or she paid to attend DeVry. 

I attended from 2011 to 2014. I had to federal loans for all of my education and wondering if I will be eligible.

Doing the math we should expect an average check of about $282 Does sound about right?

Please look at this again -- The FTC did not say it will divide the total amount of the settlement by the number of eligible students. We said each student will get back a percentage of the total amount he or she paid to attend DeVry. 

So with that being said. We are get nothing. 1%...

Do the math here... If there are 175k eligible..... Lol I mean why even have a court case... This whole thing was a joke... You might be lucky to get 200 dollars.

Has anyone had success filing for the borrowers defense to repay? I submitted mine in April of 2016 and have heard nothing.

It took 2 months after submitting my application to hear anything. They put my federal loans on hold for a year so they could review my case. This seems to be a very long process. Interest still accrues even though it's on an administrative forbearance.

I called them a few days ago. The person said that the process could take years. I am on the list as well. I submitted a form a tear ago.

Hi im at vet and went to devry from 2012 -2015. I have not been contacted at as of yet. Is there anything I can do or should to help the process.

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.

so you recognized on may 11th how misleading the information provided to everyone was? Is that why you decided to edit the 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.
Is there anything the rest of us can do who graduated within the allotted time frame but started in 2007? (not 2008)

File a borrowers defense against repayment...

What is borrower's defense? Who and where can you apply for it?

My question is, why is the FTC not releasing what the percentage is. I have read over this blog and seen your response, but none regarding the actual percentage. I spent 60k at that school, and more than qualify, so it would be nice to know how much I would get back.

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.  That could affect the percentage a person receives.

Bridget Small, I understand that part of the repayment. But what will be the percentage of the first round? If you cannot give out that information than just say so. Personally, even if it's 100 dollars, that's still more than any of us were originally going to get which was zero. Honestly, half these people didn't know about this until they heard it on the news like I did. Watching people get frustrated about this is quite entertaining.

You will be lucky if you get 500... It's sad.
File a borrowers defense against repayment against devry for total relief.

I just called them and it doesn't cover federal loans... So that's the vast majority of all of us and those who are on other loans won't be getting much. Sorry to kill your excitement but at least you have the facts now because the summary given isn't very clear at all.

I don't know who you called, or what you asked about federal loans, but I can tell you this about the FTC refunds:

  • A student has to meet criteria to be eligible for an FTC refund. One of the criteria is this: "paid at least $5,000 with cash, loans or military benefits."

If you used federal loans to pay at least $5,000 with cash, loans or military benefits you can satisfy that one criteria. But, if you used loans that came directly from DeVry, you do not satisfy that criteria.

I was thinking why couldn't this settlement been more?. Over 175k effected by deception..devry made over 10 billion...during them years. Why did this settlement go for pennies Bridget Small?
Just saying devry happily paid. This settlement should have been more. This case ftc settlement was a joke. I'll be lucky to get 500 back.
To big to fail. Devry keeps stealing tax paying money...

In an attempt to estimate the amount that I will be issued, what percentage of the amount paid by each student will be reimbursed? Is there a formula and/or specific amount per line item that is being used to determine the amount the individual will receive?

For those saying its a 200 dollar payment, i'll use your 5% math and using the percentage of what you paid, yes if you paid 5,000 dollars to DeVry that is $250, but if you got your full bachelors degree like myself and paid roughly 60,000 well then that 5% is $3000.

Those are just numbers from the rumor mill, I do not know that it is 5%, and neither does anyone else, that is just an example of how this 200 dollars is as accurate as the lies people are spreading.

When a settlement is reached, attorneys take their fees off the top before money is given to the people, and could be a LOT. If this hasn't already been taken out, the 49.5 million may only be 30 million after everyone gets paid. I'm thinking we get around $150 at best.

Has anyone had any success with the Borrower Defense to Repayment?????????, I think that this document should support the case ftc.gov/system/files/documents/cases/160127devrycmpt.pdf.

Please anyone if you have any information post here because I was once told that all my classes were covered by financial aid, and after taking the classes, their finance department called me over to inform me that I had to pay over 2 grand for the classes I had taken. That is really wrong, I had no job at the time and they dropped me out. since then my credit and everything was messed up. Devry needs to pay for this and also pay more for damages.

I have moved several times since then, and I'm sure my phone number has changed. How will you find me? DeVry's records are certainly out of date...

I enrolled at DeVry in 2005-2010 and one of the main reason I enrolled was because of promises they made in regards to my earning potential when I graduated. Are you really telling me I don't qualify?

I got word from the FTC. If you took out a private loan and DeVry forgave your loan, you will not get a partial refund. If you were paying the loan to maintain your credit history, paying the minimum, and you went over your principle, you will not get a partial refund. I owed $5,000, and in order to keep my credit history up, I paid $100 a month and paid more than $2,000 above the principle. The interest rate was added profit for DeVry, and we were expected to pay off the private loan or watch our credit get destroyed.

Now that DeVry forgave your loan, and the principle loan may have been off for many of us, you will NOT get a refund.

I want to clarify what you said about a private loan. If you had a private loan that came directly from DeVry, and that loan was forgiven as part of the FTC's settlement with DeVry, you are not eligible for a FTC refund.

But -- if you had a loan from other sources -- like a bank, credit union, or person, you might be eligible for a partial refund from the FTC, if you meet all the eligibility criteria.

I've noticed that I fall into the the categories listed on here as eligible, but I was wondering if we were supposed to have received a letter already regarding the lawsuit before actually receiving a refund. The only way I found out about this lawsuit was through online, but no written notice.

how many students got loan forgiveness?

DeVry provided the loan and debt forgiveness. Please contact DeVry for that information.

I have a balance with the school from 2012. Are balances with the school falls under the settlement?

I attended for a couple years during this time frame and had federal loans. I have not gotten a notification in the mail nor through email. Am I eligible and should I call FTC?

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.

I attended and graduated 2004 thru June 2008, will I receive a refund? I am unemployed with a Bachelor degree in technical management in which I owe over $50,000.

To be eligible, you have to meet four criteria. One criteria is that you had to enroll at DeVry for the first time in a bachelor’s or associate’s degree program between January 1, 2008 and October 1, 2015.

I just called and was told that I do not qualify because of tuition. I asked why and was not given a reason. I don't understand I meet all the requirements to be eligible.

Earlier this year, did you get forgiveness of a tuition debt that you owed to DeVry?

No I did not. I called both DeVry and Navient. They both told me there is no loan forgiveness on their records and that I am liable to pay all loans I got when I attended DeVry

So I just called and was told I do not qualify because I got loan forgiveness, but that is not true. I am still paying all the loans that I got from Sallie Mae/Navient. When I went to DeVry the only loans I got were through Sallie Mae. I never got any loans directly from DeVry. I still owe $5300 to Sallie Mae/Naivent. I meet all the requirements. Who should I contact because the representatives at FTC are not helping me. All they tell me well that's what we got and you just have to accept that.

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

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