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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

Is there a way to find out if you will be getting money back for sure? I fall into these criteria, but want to make sure.

You can call the FTC refund administrator at 844-578-2645 to ask about your status.

I wish everyone on here would go thru and take a few minutes to read all the posts. Almost all are the same questions! I would love to come back and see answers to questions that 99% of you all haven't asked or been answered yet. If you want to argue since your outside the timeframe or such then go the borrowers defense way and look up how to do it for yourself. Thank you!!!

KCK when you say time-frame then go file a borrowers defense.... You mean if or if not in the time frame.. This refund is uber garbage getting back 2% will not help people that are 60k in the dark hole. I am getting a refund and thank goodness it will cover a little. But it's like a bandaid trying to fix a bullet hole.

Please "anyone" who attended devry when they advertised the 90% and higher earnings file borrowers defense against repayment. More they get the better.

Will i have to pay taxes on this refund?

Please talk with a tax professional about tax questions.

What does enrollment mean? Does enrolled mean attended for first time? I applied and registered for classes in Dec 2017 but my first class did not start Jan 2008? Does that mean I was enrolled in 2008?

That part of the eligibility requirments means a student 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.

How much are we expected to receive? What range or estimate are we getting? (I attended 2010-2014 and got my BA)

So federal loans are not going to be affected by this? Would be nice since I'm paying $500/month in just student loans alone

Federal loans are included

I meet all the criteria to get a refund from Devery and I am currently paying $150/month for the Loans I received from them. Should I stop paying back my loans at this time? Or should I keep paying them until I am refunded the money. Thanks.

Does anyone know the % that will be paid out?

I heard about 25%, but know one really knows, and that was from another student but like i said who knows the truth.

It will be less than 10 %... 50 mil isn't much. Come on now....I would say 5%... Please don't make 50 mil seem so big

I hope it's a nice percentage back. Does anyone else know how much percentage?

If I received a federal loan (sub and unsubsidized) do I qualify? I enrolled for the first time in 2009 and graduated in 2012.

If you're asking what kind of loans are included in the bullet that says "paid at least $5,000 with cash, loans or military benefits," the answer is, it doesn’t matter what kind of loan a student used to pay tuition, as long the student 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.

There are four eligibility requirements for a FTC refund. Please read about all the eligibility requirements listed at the top of this blog.

I have read the court order and on page 14, it states students who are enrolled in a program at DeVry are eligible. No where does it state a "start date". I will speak to an attorney.

How do I update my address I have called the listed phone number a few times? Also how do I find out if Devry contacted me at my old address

I contacted devry and was told I "was not eligible and the FTC did not specify why". I've attempted to contact someone at FTC numerous times and have not received a call back, email, or any information. Is there another number I can call other than the one provided? Thank you

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

I was enrolled during 2014- 2016, do I meet the requirements? And i had loans through nelnet does this qualify?

Please read about all the eligibility requirements. They are listed at the top of this blog. I think you're asking what kind of loans are included in the bullet that says "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, you could have used a federal student loan or a loan from a bank or credit union.

Wait a minute. I had to have both. I maxed out my federal loans and had to pull a private loan in order to graduate. DeVry was the only way I could get an additional loan at the time. So I'm not eligible?

To be eligible for a FTC refund you have to meet eligibility criteria. One of those criteria requires that you paid at least $5,000 with cash, loans or military benefits. If you used a DeVry institutional loan that was issued directly by DeVry to pay your tuition, you are not eligible for the FTC refund. If you used a federal student loan or a loan from a bank or credit union or loan from another source, you might be eligible.

Wait. I have 50k in Fed loans AND had a 15k DeVry loan that I refinanced in 2016. I was told that I was not eligible for loan forgiveness because I refinanced my DeVry loan. Now you are saying that I am not eligible for the refund because I had a DeVry loan? Is that right?

Please say more about the 15K DeVry loan. Who was the original lender, and who became the lender after the refinance?

DeVry (ECSI) was the original lender. I refinanced my loan though Sofi in 2016. The people at DeVry said that I was not eligible for the loan forgiveness since I refinanced the loan. I still owe on the loan.

Question: I originally enrolled at DeVry in 2004 and left after 2 semesters (2005) as there was no way I could afford it even with loans. In 2013, after all those loans were paid off previously I enrolled in a completely different BS program at DeVry university. Does this mean I'm not eligible for the refund even though it was a DeVry phone call that gave me the idea to even go back to school? Also, 61k in federal loans and since graduation last October my job status has not changed for the "better paying, highly sought-after" position that was nearly promised after graduation.

Got my answer. Called into the FTC and just asked outright if I was on the list for a refund and they said yes, but that was all the information they had. I'm just happy I'll get something back.

I called and they were super nice and told me I'm on the list! I'm just really curious what the percentages will be? I have hope that getting this refund may build a stronger case for loan forgiveness?? Has anyone heard anything? It's seems like this is a start in the right direction. I remember getting the pitch that I would come out of this making really good money. I was young and naive and honestly thought at the time DeVry was a good school. I thought their accreditation meant something!

I'm sure this refund will be pennies... But if you haven't filed borrowers defense against repayment Heather you need to along with everyone else. Devry had a scam artist advertisment... And what really makes me MAD is they spend over 20% of income aka federal loans aka tax money on there advertising...

I called DeVry why I didn't receive refund from them on the month of January and they said I didn't receive it because my loans are federal student loans? What's up with that?

The FTC settlement with DeVry required DeVry University 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. The settlement also required DeVry to cancel $20.25 million in debts eligible students owed to DeVry University for things like tuition, books and lab fees. DeVry forgave the loans it made directly to students. If you have federal loans, they are from the federal government, not DeVry.

You might be eligible for a refund from the FTC. Read about the eligibility critieria 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 listed. If you used federal loans to pay at least $5,000 with cash, loans or military benefits you might be eligible. You have to meet all the eligibility criteria to be eligible.

Hi Bridget ,

An attorney is currently trying to collect this sort of loan ( Devry Loan)from me , he has advise that I can have judgement filed against me. Also Devry never mailed me my Degree/Diploma. Who can I contact regarding this ?

This FTC article tells more about your rights when it comes to debt collection. If you don’t pay a debt, a creditor or its debt collector generally can sue you to collect. If they win, the court will enter a judgment against you. The judgment states the amount of money you owe, and allows the creditor or collector to get a garnishment order against you. The garnishment order tells a third party, like your bank, to turn over funds from your account to pay the debt. If a lawyer contacts you, or you get a summons from a court about a lawsuit, answer and find out what it's about.

As part of the FTC settlement with DeVry,  DeVry said it would release the transcripts and diplomas it had been  withholding from students because of debts, and would cooperate with requests for diplomas and transcripts. If you asked DeVry for your diploma and they didn't send it, please let the FTC know. You can report that at FTC.gov/complaint.

If they forgave my Devry loan am I still eligible for a refund from the FTC?

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

Hello, I meet all of the criteria but have received no notification. I have married and moved out of state since attending Devry. Is there a number to call where I can talk to a person about my status?

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.

I called the FTC administrator line today and was informed I would not receive a refund because it says I only paid $2,800. Well, this is completely false. I graduated with a bachelors and my student loans tell a different story. Who can I contact to get this matter fixed and get my the refund that belongs to me?

Please contact the refund administrator.

Why are they not covering Federal Student loans, I have more of those to DeVry then private loans?

I'd like to know what fields all these people complaining about not finding a job got, and how hard they looked. I was hired in my field before I even graduated.

Confused...
You are one of the rare ones out there. My feeling is the real job related after graduation is 25%. Every Web site with ratings trash devry and most employers think devry is garbage.
Just because you got your "job" doesn't mean they have the 90% job related after graduation.. and 15% higher earnings... Devry lied to thousands to lure them in... Do you think that was right?

Government doesn't really even care.. Bc they get money money money...and devry gets money...

Has anyone found out what percentage will be covered? Also, I am reading that if you qualify for the refund you do not qualify for loan forgiveness. This doesn't seem fair as many are saying the refund is no where near the average loan amount ($55k). I am hearing that the refund could be less than 5%. If this is the case I would much rather receive loan forgiveness and wipe my debt clean. I meet all of the qualifications and have excess of ($75k) in student loans. Also stuck with a $650.00 a month student payment for the next $30 years with the payment set to increase overtime. Everyday I think to myself how badly I hurt myself trying to obtain a higher education and set a foundation for my family. My school loan is nearly half my mortgage payment. I guess in 30 years when I pay off my house I will also be paying off my student loans. I will then be able to barely survive for the time I have left to live. Thank you DeVRY!

The FTC's settlement with DeVry University has a couple parts.

One part relates to $50.6 million that DeVry provided for loan and debt forgiveness for students who owed money to DeVry.  Students who were eligible for loan and debt forgiveness from DeVry got notices about that in January 2017. If you owed money directly to DeVry for loans or debts for the relevant time period, you should have gotten notice about debt or loan forgivness.

Under another part of the settlement, DeVry provided $49.4 million that the FTC will use to provide partial refunds to people who paid for DeVry classes. That's what this blog is about.

Can we please get some word on whether everyone who qualifies will receive the same amount or whether it will be a percentage based payout? I don't think anyone is asking for specific numbers, just an idea.

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.

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