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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

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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.

Do we know how many students are affected by this? 49 Million seems like a small amount considering this ranges for 7 years and doesn't include just the graduates.

No one every calls you back or answer the phone.

Is there any guestimate or ballpark of what percentage of what was paid that we will get back?

Are there plans to help students who attended prior to this 2008 date? I am sure there are hundreds if not thousands of students like me who attended back in 2006 and have a ridiculous amount of Devry Student debt. Are the any future plans to help students like me?

What if I have both Private student loans and Federlal Loans ?

One would have to be forgiven while the private loan would be refunded ( at least a portion) . How would that work ?

The FTC is not providing loan forgiveness. As part of the FTC's settlement with DeVry, DeVry provided loan forgiveness to students who had 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.

The FTC is providing partial refunds to some students who meet the eligibility criteria listed at the top of this blog.  If you are 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 you could have used a federal student loan or a loan from a bank, credit union or other source.

I was a student at Keller towards the end of my study when this complaint was filed. I have since graduated. I recall seeing the commercials which underlies this action. DeVry stated statistics specifically about the Bachelor's program. The commercial included Keller's logo together with that of (Chamberlain). I recall the ads. The information provided in their ads was the driving force for me to apply. I had obtained my undergrad from another institution. Considering the information in the ad and Keller's logo in the same ad, it was implied that DeVry could do the same for me and enhance my career development. So I walked into DeVry, signed up with DeVry staff, applied for FAFSA under DeVry's credentials (and possibly DeVry's tax ID), and went to class at DeVry's campus. It wasn't until I was more than 80 percent complete when I began to have second thoughts about my choice after speaking to fellow classmates who were struggling to find employment. I worked with job placement, but the jobs they offered was either well below my current pay grade or not in the field of my study. I was told to "pay it forward" if I wasn't interested. I verified if "pay it forward" was meant for anyone or strictly for DeVry students. I was told anyone. RED FLAG. It was too late. So when I saw that FTC stepped in on behalf of DeVry students I was relieved. I could get some form of relief from the hefty loan I carry to maintain a degree that employers don't seem to be impressed with. When I learned that the refund only applied to Associate and Bachelor degree programs I was disappointed. I could not believe that the FTC would not consider Keller students in the course of the action. I understand that DeVry specifically aimed at Bachelor studies using false statistics, but I do not recall them aiming specifically at Associate studies using false statistics. I am struggling to understand how Keller students, including myself, will not benefit from the settlement. Many employers don't even know Keller; they only know DeVry. My diploma has the DeVry logo on it; an implication that I was a DeVry student. Is Keller not a part of the DeVry Group? While I appreciate FTC's ambitions, I remain disappointed in their handling. I strongly believe if DeVry included Keller's logo in their ads, then it should be implied that DeVry was also speaking to graduate students.

I have $80,000 in Federal loans owed to DeVry. Why did students with private loans get forgiveness and cancellation while students with federal loans didn't get complete cancellation.

As part of the FTC's settlement with DeVry, DeVry paid $49.4 million to forgive

  • $30.35 million of private unpaid student loans that DeVry issued to undergraduates between September 2008 and September 2015, and
  • $20.25 million in student debts for items such as tuition, books and lab fees that students owed to DeVry.

DeVry could forgive loans and debts that were owed to DeVry.

You may be eligible for a partial refund from the FTC if you meet the eligibility criterial listed in the blog.For information about the DeVry redress program, visit FTC.gov/DeVry and sign up for email updates

What about people that did a Graduate degree. I have some much debt with this stupid degree. I went Keller Graduate School which is part of Devry.

Graduate degree students are not eligible for a partial refund from the FTC. Only students who enrolled in a bachelor’s or associate’s degree program at DeVry University for the first time between January 1, 2008 and October 1, 2015, and meet other eligibility criteria, are eligible for a partial refund from the FTC.

I attended DeVry in 2006 - 2008... Am I just out of luck on this? I was lied to about job prospects and even the very program I was enrolling, not to mention the inability to transfer most of the credits. I was also pushed into taking private loans thru Sallie Mae that quickly ballooned into nearly double their principle balance... FTC, help!

To be eligible for a partial refund from the FTC, you need to have enrolled in a bachelor’s or associate’s degree program at DeVry University between for the first time between January 1, 2008 and October 1, 2015 and meet other eligibility criteria.

It just says loans. Does this include federal loans or just private loans like the first half of the settlement?

The FTC is providing partial refunds to some students. To be eligible for a partial refund from the FTC, a student has to have paid at least $5,000 with cash, loans or military benefits, and meet the other eligibility criteria.

I think you are asking what kind of loans are included in the payments by "cash, loans or military benefits." The answer is, it doesn’t matter what kind of loan you used to pay your tuition, as long as you did not use a DeVry institutional loan that was issued directly by DeVry.

I attended between 2010 and 2015. I have not received any compensation or student loan forgiveness? How does one become eligible?

The FTC plans to mail checks before the end of the summer to people who meet the criteria listed at the top of this blog. Please read the criteria and consider your circumstances. 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.

Hello I enrolled in associate degree in 2010. I paid with subsidized and in subsidized federal loans and 750 with a single parent scholarship. I owe so much for my two year degree I cannot persue any further education. Will I be getting contacted? It has been a long time since I used the email associated with my schooling. How will we be conta contacted?

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.

Hello Bridget Small,

I meet all of the requirements but I do have a question about the types of loans I have. I have a loans through Great Lakes and American Education Services. Do loans through these vendors still qualify for this situation?

Thanks

The FTC is providing partial refunds to some students. To be eligible for a partial refund from the FTC, a student has to have paid at least $5,000 with cash, loans or military benefits, and meet the other eligibility criteria.

You're asking what kind of loans are included in the payments by "cash, loans or military benefits." The answer is, it doesn’t matter what kind of loan you used to pay your tuition, as long as you did not use a DeVry institutional loan that was issued directly by DeVry.

It seems my name and address is also in the FTC's database so we will see just how much I, among other students, will get refunded. Until I see a considerable amount refunded to us students, I still believe the Borrower's Defense is the way to go.

Devry refunded 900 hundred dollars of a current loan I had but have charged me thousands of dollars for a program that is not available anymore. Is there no refund of any of my books and tuition? I meet all the criteria but just because they refunded 900$ of a current loan w devry i dont get nothing else? I am 31,000 dollars in student loans for devry. And they only forhave 900$ total scam. They also have additional loan through uas university accounting service which they are still trying to collect on . This is crazy how they are able to get away w this.

Please give the FTC information about the UAS loan that DeVry is trying to collect. Go to FTC.gov/complaint and report what is happening. Thanks.

Do these loans only apply to students you got loans from directly from DeVry themselves? Or, will this include other private agencies like Sallie Mae (Naviant)?

The FTC is providing partial refunds to some students. To be eligible for a partial refund from the FTC, a student has to have paid at least $5,000 with cash, loans or military benefits, and meet the other eligibility criteria.

I think you are asking what kind of loans are included in the payments by "cash, loans or military benefits." The answer is, it doesn’t matter what kind of loan you used to pay your tuition, as long as you did not use a DeVry institutional loan that was issued directly by DeVry.

I just called the FTC administration number, hit "0" as soon as I had a chance, and was on the phone with someone in less than three minutes. If you have not called to correct your address, you should at the very least do that.

She informed me that no letters have been sent out by the FTC. She informed me that only emails have gone out, and if you are signed up for email updates concerning this situation that the only way you would've received info about the settlement thus far.

She also informed me that although she has my name, she can not guarantee that I will receive payment because they are still no doubt combing through the mountain of data (my words, not hers). She also said that I(we) should expect payment sometime around the end of the summer if we are eligible.

I attended Devry 2008-2012 and have fed loans now serviced by Sallie Mar, i called the the FTC but was told I was not on the list . If Im not getting a refund, how will I know if I'm eligible for loan forgiveness. Are federal loans not included?

The FTC is not providing loan forgiveness.

The FTC is providing partial refunds to some students. To be eligible for a partial refund from the FTC, a student has to have paid at least $5,000 with cash, loans or military benefits, and meet the other eligibility criteria.

Many kind of loans are included in the payments by "cash, loans or military benefits, " Federal student loans are included. But,  DeVry institutional loans that were issued directly by DeVry are NOT included.

I attended Devry 2008-2012 i called the FTC today but was told my name is not on the list, i have fed loans now serviced by Navient.?Do my loans do not qualify for refund or forgiveness?

Do you remember when you first enrolled? To be eligible, a person had to start their enrollment for the first time between January 1, 2008 and October 1, 2015.

I believe i started spring of 2008. Thanks.

I was enrolled in Devry back in 2010 and went until 20012. A percentage of that should be paid back? Also, if I went to Keller after that, I won't be paid for that?

The FTC will provide partial refunds to some DeVry students who meet eligibility criteria listed in this blog. People who attended Keller are not eligible for these partial refunds.

Looking into Borrower's Defense... Has anyone else tried this? What did you include with your application?

I really would like to know this as well..has anyone use this information to apply for Borrower's Defense? Thanks.

How do you qualify for loan forgiveness if you enrolled before 2008?

The FTC is not providing loan forgiveness.

To be eligible for a partial refund from the FTC under this settlement, a person had to start their enrollment for the first time between January 1, 2008 and October 1, 2015 and meet other eligibility criteria.

Everyone please file a Borrowers defense against repayment on devry.
The only good this settlement might have done was give somewhat of a boost to get forgiven. This settlement will only refund pennies of your debt amount. The Settlement failed but its findings of devrys advertising and deception helped and hopefully will be the case for the forgiveness on the borrowers defense against repayment. I pray that it does. The money I spend on loans could go and buy things for my children...

I am preparing to my summit my application soon.

I did file for a borrowers defense with this information. I have not heard anything back, but if many others also file it might help our case against them.

I attended Devry from 2002-2005. I graduated top in my class wasn't able to get a good paying job in my field. I owe more now then when I graduated 12 years ago. Is there any course of action I can take to be included in this since the cut off date was after I graduated?

Heh, I make all of the requirements except that I started Fall '07. Needless to say I'm annoyed. Did not get a job in the Field I got my Associates in, and been diligently paying it off. Yes I probably should have done my research into Devry before I chose them as a college... but oh well. What is done is done. Doesn't mean I cannot be upset that I was more or less screwed out of quite a bit of money, and didn't get anything in return, well except an almost worthless piece of paper.

I first attended DeVry in the Fall of 2014. I paid approx.$15,000 and completed more than 1 course. I do NOT qualify for debt or loan forgiveness. I have not heard anything from anyone. How do I know that I am included?

This blog lists the eligibility criteria for a partial refund from the FTC. The FTC plans to mail checks before the end of the summer to people who:

  • 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.

For information about the DeVry redress program, visit FTC.gov/DeVry and sign up for email updates.

Are parent loan included for the refund program ?

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. If you used a parent loan and paid at least $5,000 with cash, loans or military benefits and meet the other eligibility criteria, you are eligible.

Ms. Small I've noted one particular question is constantly ignored- what percentage is being refunded? Next is this refund taxable, are consultant fees being deducted from the 49.6, does the refund include interest, last why the delay in getting the refunds out did you not obtain DeVry's records around Dec. -Jan.?

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.

Please talk with a tax professional about your tax questions. The FTC uses a third-party redress administrator to handle the logistics in this case. The final order provides that administration costs are paid out of the $49.4 million that DeVry agreed to pay to settle this matter.

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