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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

Ms. Small -

Do you know is the 175,000 eligible people for the whole case including the $50.5 million in forgiven loans OR is the 175,000 eligible number just the number of people who will be receiving the cash refund of 49.5 million? Just asking because the number of cash recipients would then be less. Thank you

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.

But earlier you stated that it was not going to be split between the amount of students. What is the percentage. Some one has to know

I am assuming (These arnt even going to be close to the right numbers), but its going to be something like. if you paid 10k you get .5% 20k .6% 30k .7% 40k 8%. Ect. It makes sense that was as the people who paid more would get more back then those who only lost some or didnt finish out their degree.

Does the FTC know its math here? Why make a long process for students saying "refund". 175,000 Sharing and equal percentage for 50 million. I wonder what that percent is? ---0.05%--- BTW that percent is going to be pretty close to this "refund" --aka-- "Screw you here's pennies because we failed so hard on the settlement." Did the FTC get bribed on this-- did Devry have some lobbyist in the court that day.--was Devry to big to fail? What made this Settlement go for pennies?

I'm amazed you are the first to point this out. If you divide the $49.5 million 175,000 time, that's $282.86 per person. I doubt most of those who aren't screwed by some technicality will even get that much. Stop getting your hopes up people.

The FTC said it will distribute the $49.5 million settlement fund among 175,000 eligible students, but it 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 the student paid to attend DeVry.

He is saying the averave will be $282 per person, not that it will be divided equally. Lets say average amount paid is 15k- that means people who paid 5k will get about $90 and people who paid 50k will get about $900. Now lets say average is 25k. That means people who paid 5k will get about $55 and people who paid $50k will get about $550, and people who paid 25k will get the $282. Either way its not pretty and not many if any will get 1k.

The very maximum % refund will be 5% if everyone took out 5,000....lol but not everyone did... People took out I would say average minimum 30k thus making the refund less than 1%....
All I have to say is ftc did nothing for the students...“When people are making important decisions about their education and their future, they should not be misled by deceptive employment and earnings claims,” said FTC Chairwoman Edith Ramirez. “The FTC has secured compensation for the many students who were harmed, and I am pleased that DeVry is changing its practices.”
.... That being said ms Ramirez.. You are a load of crud. You and this settlement did nothing. Your compensation is a lame joke.

The Settlement was a joke. If I don't receive at least 50%, I'm going to be highly pissed. I currently owe over 70k

You will be lucky for 800

I attended Devry from 2011-2013. My loans are serviced by Navient. Do I qualify for the refund/loan forgiveness? I have received nothing via email and have not received any phone calls regarding a refund.

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. The FTC plans to mail checks before the end of the summer to eligible people.

You have to meet four eligibility criteria for a FTC refund. One of the eligibility criteria is that you paid at least $5,000 with cash, loans or military benefits. Only certain loans make you eligible. Loans that came directly from DeVry do NOT make you eligible.  But, loans that came from the federal government, or from a bank, credit union or other source can make you eligible. 

Your loan servicer is not the same as your lender. If you don't know who your lender is, look at your account paperwork, or look at your account online.

Why does this only start at 2008? I attended 1996-2000 and I still owe! Truly a ripoff as I could have gotten the same degree from a public/state school, but once I realized what was happening I was in over my head so I just went to the end to graduate.

By accepting and cashing refund checks (at a fraction of a percentage of what we actually paid) are we forfeiting our right to file suit against Devry? As if this was a legal settlement of a lawsuit?

Or would I be better off ripping up the $200 check and holding out for actual debt relief?

If you cash a check that you get from the FTC’s settlement with DeVry University, you may still pursue other legal action against DeVry. However, if you succeed in the other action and get the right to recover money, the amount you recover may be reduced by the amount of your FTC refund.

I was wondering if anyone knows of when students of devry who meet the requirements for a refund can expect a check?

I paid through loans approximately 34K to DeVry. I did each of those things on your check list. When will I be notified of how much will be returned. AndrewU.

Hello, I enrolled in Oct.2007 and when I called the hotline they advised im not eligible as it wasn't in '08. The time frame is of 2 months and I graduated with my undergrad in 2014.

What is the escalation process? Im 2 months out of reimbursement?

One of the eligibility criteria is that a student must 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 2007, you aren't eligible.

My Son attended and payed with both student loans and parent-plus loans. I have 2 questions, as the parent with the parent plus loan is there any consideration of me getting are refund? From my son's (or any other student's ) perspective would the amount of money paid via parent plus loans be included in the "amount paid" when calculating the student's eligibility and amount of refund?

One of the eligibility criteria for a FTC refund is that a student must have paid at least $5,000 with cash, loans or military benefits. Yes, payments made with parent PLUS loans are included in the amount a student paid. Student loans will be included too, if they are NOT loans that came directly from DeVry University. But if they are federal student loans, or loans from a bank, credit union or any other source except DeVry University itself, they are included in the amount paid.

If a student is eligible for an FTC refund, the refund goes to the student. The only refunds are refunds to students.

Thank you

Can you clarify where Navient loans fall under this?

You have to meet four eligibility criteria for a FTC refund. One of the eligibility criteria is that you paid at least $5,000 with cash, loans or military benefits. Only certain loans make you eligible. Loans that came directly from DeVry do NOT make you eligible.  But, loans that came from the federal government, or from a bank, credit union or other source can make you eligible. 

When you take out a loan, your lender might hire a loan servicer to take care of administrative work like collect payments and answer customer service calls. So, you could have both a lender and a loan servicer.

To look into whether you're eligible for an FTC refund, you have to know who your lender is. If you don't know who your lender is, look at your account paperwork, or look at your account online.

According to my account information it says the lender is: NAVIENT PRIVATE LOAN TRUST Am I in the clear?

Loans that came directly from DeVry do NOT make you eligible.  But, loans that came from the federal government, or from a bank, credit union or other source can make you eligible.

When you say other source, is Navient included in that?

If you paid at least $5,000, and you meet the other criteria listed, it does not matter what kind of loan you used to pay your tuition as long as it was not a DeVry institutional loan that was issued directly by DeVry.

I am inside the requirements, but can you confirm if it applies to my master degree program?

The eligibility criteria explain that the FTC refunds are for students who were enrolled in bachelor's or associate degree programs and satisfy other criteria.

Just called 844-578-2645, go through the long questions and then end up pushing 0 to talk to a rep. I verified my address with them. Expected funds distribution for those eligible is this summer, and they will not be telling anyone the actual percentage, "from what it sounded like".

Just going to say... This whole settlement is worthless. Basically Giving you food for the week or 2.
This refund isn't gonna help at all.
The real thing to do is file a borrowers defense against repayment against devry. With the evidence of the ftc and doe of devrys advertising is deception... That being said you have a chance to get debt relief.
Go to the studentaid.ed.gov and file a borrowers defense.

Everyone keeps on thinking this refund will be big money but no. It's like trying to share 1 peanut with 100 people.
Again this settlement was and is a joke. The ftc got bribed or something... devry corrupt as can be.

SO DEVRY STATED I HAVE FEDERAL LOANS WILL I BE CONSIDER IN THE SETTLEMENT?

There are four eligibility criteria listed at the top of this blog. Please read all the criteria to figure out if you are eligible.

I was wondering can a lawsuit be filed against carrington college as well because I attended that school and they false advertised as well the same exact thing devry did I have classmates that I'm still in touch with that are still not employed but we were made to believe certain things . Just a question curious because I have debt with them I attended that school in 2013 and it's messed up how a lot of us are not employed but they took our money.

Bridget Small - FTC | May 24, 2017 | reply
The eligibility criteria explain that the FTC refunds are for students who were enrolled in bachelor's or associate degree programs and satisfy other criteria.

Can you please clarify what you refer as "satisfy other criteria"? Does it mean a Master Programme is inside the requirement?

The eligibility criteria listed at the top of this blog explain that FTC refunds are for students who were enrolled in a bachelors or associates degree program.

The refunds are not for people who were enrolled in masters degree programs or certificate programs.

Why doesn't this include Graduate students?

The FTC charged that DeVry misled people with deceptive ads about the results of undergraduate education. The FTC partial refunds are for eligible students who enrolled for the first time in a bachelor or associates degree between January 1, 2008 and October 1, 2015.

I like how Bridget Small is giving us the same answer in different written forms. From the look of things it seems even if we do qualify for this partial refund, it is not going to be much given the math. Meaning this is all pointless.

If it's pointless, I'll gladly take your share of the refund money. Thanks!

@ kyle It basically is pointless... Lol Its like buying something that had 5 stars on the rating.. But really have 1. They took your money and now you get less than 1% back.

Just going to say... This whole settlement is worthless. Basically Giving you food for the week or 2. This refund isn't gonna help at all. The real thing to do is file a borrowers defense against repayment against devry. With the evidence of the ftc and doe of devrys advertising is deception... That being said you have a chance to get debt relief. Go to the studentaid.ed.gov and file a borrowers defense. Everyone keeps on thinking this refund will be big money but no. It's like trying to share 1 peanut with 100 people. Again this settlement was and is a joke. The ftc got bribed or something... devry corrupt as can be.

Its not pointless. !st off we dont know the percentages. I owe 68k so anything would be good to start with. Secondly. This opens you up for borrowers defense. During the process you get forbearance and stop of collections. Take the money file the defense then once its all done sue them for damaging your ability to make money. Stop telling people its pointless. Its like this for a reason.

lol nicely put!! I agree with you

I called in yesterday to update my information, was told that they will know the percentage probably in August and expect our checks around September.

What number did you call?

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.

Hi,

I attended devry for both my accociates and bachelor's program. I meant all the requirements to get a refund, but I was never contacted? I went to school from 2011-2014. Is there a number I can contact to see if i am getting something back I owe almost 100k in loans

I went to Devry in 2009 and got my bachaelors in 2013. Have $45,000 in loans and believe I meet all the requirements for a refund or to have my loans forgiven. I don't think received any notification in mail regarding this settlement. How can I find out if I'm on this list?? I've had an address change a couple years ago, maybe I missed the notification? Is there anyone I can actually talk to regarding the situation? Called the provided phone numbers and got absolutely nothing, sent to voicemail. Help please.

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