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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

I started my bachelor degree in fall of 2006 paid out of pocket until spring of 2009 and I guess I am ineligible too.I don't understand the arbitrary start date. We were all affected. I

I enrolled at DeVry 04/09 and transferred to another university around 2011. I finished classes and borrowed Both FEFL and DIRECT loan money. (No private loans). If people who borrowed money privately are having their loans completely wiped clean, why are we who borrowed from federal loans only getting partial? Is this a matter of formally applying for borrowers defense since it's already been understood that DeVry lied about placement numbers? It feels as though for once, the private borrowers got the better deal.

The FTC's settlement with DeVry included $50.6 million that was used to provide loan and debt forgiveness for students who  owed money to DeVry. The settlement required DeVry to forgive and cancel the entire unpaid balance of all private student loans issued by DeVry between September 1, 2008 and September 30, 2015. The settlement also required DeVry to cancel debts owed to DeVry by eligible students for things including tuition, books and lab fees. DeVry is able to forgive only the loans that it directly originated. It does not have the ability to cancel loans that it did not originate.

pretty sure all of my loans originated from DeVry.. Nelnet, Naviant, fedloans, AESuccess...

It's important to understand the difference between the office that gave you loan documents to fill out, and your lender and your loan servicer. Those can be different entities.

If you aren't sure who your lender is, look at your loan paperwork. Or look at your loan account online. You might owe money to one business, but be sending payments to another business (called the Loan Servicer) that handles the billing & administrative work for the lender.  You might have borrowed money from the federal goverment, but be sending payments to a loan servicer that works for the federal government.

Hi Bridgett, how mucj is the percentage? Any idea?

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.

so, how much of my wasted money is going to be refunded?

I meet all the criteria above but I have private loans that are serviced by Navient that I took out for Devry. Would those along with FED loans be part of the settlement?

Yes, if you paid at least $5,000 with federal loans or loans from a bank or credit union or private lending company, you could meet the qualification of having paid at least $5,000 with loans.

BUT - a loan that was issued directly from DeVry University itself does not qualify.

I have loans that were serviced by Navient and FED Loan. That total more than 50000 would I be eligible for a percentage back if I have not paid back 5000 dollars of what I owe.

To be eligible, a person has to meet four qualifications. One qualification is that they paid at least $5,000 with cash, loans or military benefits. If you paid at least $5,000 with cash, loans or military benefits, you meet that qualification.

I had moved since I enrolled in DeVry... How can I update my address.

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.

I attended from 10/2008 thru 10/2011 and I'm still working the same job I had before I went there. The degree didn't do anything for me to get a better job. Paying over 50K in loans to Navient. Will I be eligible for a refund?

You have to meet all four qualifications to be eligible for the FTC refund program. Please look at the points and think about your situation to know if you are eligible.

  • 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.

I hate to be the one to bring up semantics here, but for criteria 1, does that mean a student started a degree program, or was just enrolled during those dates?

One of the eligibity criteria is that a student had to be enrolled for the first time in a bachelor's or associate's degree program between January 1, 2008 and October 1, 2015.

Bridget, I did receive payment payoff for my Devry issued loan. Does this fall under the bullet point " did not get debt or loan forgiveness as part of this settlement". Am I still qualified for the settlement?

If you received debt or loan forgiveness as part of this settlement, then you are not eligible for the FTC refund program.

Bridget can you please clarify:does the Devry personal loan being paid off three months ago consist of "debt or loan forgiveness" ?

I'm not sure what you mean by DeVry personal loan.

Under the FTC's settlement with DeVry, DeVry paid $49.4 million  to forgive the full balance of private unpaid student loans that DeVry issued to undergraduates between September 2008 and September 2015. DeVry also forgave $20.25 million in student debts for items such as tuition, books and lab fees.

If you had a debt or loan that was forgiven by DeVry as part of the FTC's settlement with DeVry, you are not eligible for a partial refund from the FTC.

That sucks because I had one payment left on my $3k loan from DeVry. I had already made one payment a week before the settlement was reached so they sent me back $150 for my payment. $150 refund and $150 cancelled for my last payment is bs. Those jokers lied even about the financial aid. They waited until I had 22 credits left to graduate to tell me I didn't qualify for anymore govt loans. Also, they had me take out a loan to pay for a class that I had already taken at another school. I am $75k + in debt and I don't even have my BS degree. I am essentially I high school grad with student loan debt from college.

Hi, I attended 2011-2015. I received the cancellation of debt from my student account of the remaining balance. But I paid more then 7k cash to the university a month prior to decision made by the court. So if I didn't pay the money it would've been cancelled by the FTC, So would I be receiving some of my cash back?

The FTC refund program is not cancelling students' debt.

The FTC is providing partial refunds to some students who meet the four eligibility criteria listed in this blog. Students who already got debt or loan forgiveness of their debt to DeVry as part of this settlement are not eligible for a partial refund.

I attended during from 2007-2011. Was told I would be making $70k and getting more job offers than I could turn down after graduation. My senior year, DeVry sent me on interviews for jobs that made $20k a year. I called this morning to see if the ftc had my correct address. I'm not even on the list. $60k in debt, and I won't see a dime. Everyone should call to verify their address. If they don't see your name, you're getting nothing.

Why was Jan 1, 2008 chosen as the start date? I enrolled in 2007 so I don't get anything? That doesn't seem fair considering the possibility that DeVry was using the same practices prior to 2008.

Same boat here, chief. It's time for a good old fashioned class action lawsuit. I know part of their paperwork says that we can't sue, but I'm sure some smart lawyer could find a way around that.

I am in the same boat. I enrolled in July of 2007 and still have the pamphlets which have the same statistics used is the FTC lawsuit against DeVry. It's not right that they chose January 1, 2008 as a start date, when students who started prior to 2008 were being told the same misleading stats.

I just want to update everyone: I called the hotline & confirmed my address. I asked what the percentage they are going to refund, but I was told they won't know until right before they send the money to us. The money will be sent as a check in the mail.

The requirements listed don't say you had to have graduated only if you were enrolled and received credits as well as the other requirements. Would you have had to receive your degree from Devery as well? I took multiple credits but didn't complete the program.

No, you did not have to graduate to be eligible for the refund program. The four points listed at the top of this blog list what you need to be eligible.

I met all of the qualifications and have yet to hear anything. I was told by a Devry rep that I did not qualify for the refund, but don't know why! They have a hold on my account because of the past due bill to them. The number that I called for FTC regarding the refund was only for general information purposes only. How will I know if I qualify.

Under the settlement, DeVry did not give refunds. DeVry did give some debt and loan forgiveness.

Please look at the bullets at the top of this blog. If you meet the bullets, you could be eligible for the FTC refund program.

I do meet all of the bullets above, so who do I call to see if I'm eligible? I haven't heard anything from Devry for forgiveness or FTC regarding refund.

I'm a current student at DeVry, and I first enrolled in July 2014, am I eligible for this refund.

Hi everyone, I also just called the hotline (844-578-2645) to confirm my address. They were able to look up my name and verified that I was qualified.

I wouldn't count on much.

I attended DeVry and received my Bachelor's degree between these dates, I'm assuming that this does not apply to federal loans? I did pay DeVry $5000 in cash to cover the rest of my tuition because I was maxed out on student loans, does this mean I will get a portion of this back?

I think you're asking what kind of loans are included in this bullet : paid at least $5,000 with cash, loans or military benefits.

The answer is : it doesn’t matter what kind of loan you used to pay your tuition, as long you did not use a DeVry institutional loan that was issued directly by DeVry. For example, a student could have used a federal student loan or a loan from a bank or credit union.

I called today (5/2/17) and updated my address. She said that I was eligible. They will be mailing out checks in mid summer.

What is your best guys on percentage of what you paid being returned as a refund? I'm hoping for 10%.

Hello, I would like some clearification on the refund quilications in the DeVry Settlement.

I HAVE recieved debt forgiveness on the remaining outstanding balance of my DeVry held private student loan so does that disqualify me from recieving any refund on the near $11,000 I have paid over the last 6 years?

Also do you know if this settlement may qualify those of us who were involved with the settlement to apply for the Borrowers DefenceAgainst Repayment with the US Dept of Education based on The Federal Trade Commission Act and Federal Trade Commission regulations, which prohibit “a school, in promoting a course of training, to misrepresent the availability of employment after graduation from a course, the success that the member graduates have realized in obtaining such employment, or the salary that the member’s graduates will receive in such employment.” 16 C.F.R. § 254.4(d).

And Last but not least, I had sent a payment back in December for the DeVry loan which was refunded due to the debt being forgiven, I had sent a Payment in January before the December refund got to me. Now DeVry and their loan servincing contractor, Heartland ECSI, are each telling me that the other party is responsible for the refund of the January payment. After calling each party of the course of the last 4 months I have been promised contact by a rep within a few days of each call I made. No one ever calls me back. What should I do now? I have already filed a complaint with the BBB.

If you got debt or loan forgiveness as part of this settlement, you are not eligible for a partial refund from the FTC.

I don't understand why there are selected dates. My wife and I went to DeVry the same years. We have their false advertisement pamphlets they used that have a 2006 date on them and we enrolled in June 2007. DeVry was probably using those false advertisement schemes even later then 2006. I think Devey needs to pay up or former students should think about filing another class action lawsuit

Only part I am still confused about it the debt or loan forgiveness part, if I did qualify for this how would I know? This school has left me and my family in such a huge debt and with no real out put to show for. Thanks in advance for the explanation

If you went to DeVry and enrolled in a Bachelor's or Associate’s degree program for the first time between January 1, 2008 and October 1, 2015 and you qualify for the other three bullet points listed in this blog, you would be eligible for a partial refund from the FTC.

When I called, the message said "Students who PAID for classes between January 2008 to October 2015" Not students who first enrolled during that time frame.

To be eligible, a person had to start their enrollment for the first time between January 1, 2008 and October 1, 2015.

Please tell me where you called. We'll can contact them and make sure we all giving people the best information.

I moved, how will you be able to contact me?

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