FTC sends DeVry refund checks

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As part of its settlement with DeVry University, starting today, the FTC will mail 173,000 refund checks worth more than $49 million to some students who attended the school between 2008 and 2015. Checks will expire 60 days after they were mailed.

The FTC used DeVry’s records to identify the people who were eligible for refunds. To get a refund, a person must meet all four of these eligibility criteria:

  • 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 refund checks will come from Analytics Consulting, LLC. The FTC never requires you to pay a fee or give financial information to cash a refund check. If anyone tells you they’re from the FTC and asks for money, it’s a scam. If you are eligible for a refund and have questions about the refund process, contact Analytics Consulting, LLC at 844-578-2645.

Tagged with: college, refunds
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Money & Credit

Comments

No, students of Keller graduate school aren't eligible for a partial refund from the FTC.

How do you find out if your loan through DeVry can be forgiven?

The FTC settlement with DeVry University required DeVry 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 for things like tuition, books and lab fees. If you were eligible for loan or debt forgiveness you should have gotten a letter or email from DeVry by the end of January, 2017.

If you think you should have gotten a letter from DeVry, but you did not, you can report that to the FTC at FTC.gov/complaint.

I attended DeVry from 2013-2014 full-time in a degree program, but have not been contacted and have not received any loan forgiveness or refund. I should be eligible for a share of this settlement. Is there anything special I need to do to get some of my money back?

The FTC mailed partial refund checks in July 2017. If you believe you are eligible for a refund and have questions about the refund process, contact Analytics Consulting, LLC at 844-578-2645.

Hello,

I filled out the application for the Borrower's defense in July of this year. I received a call from Greater Lakes my loan servicer who advised that I was now late on my payments. They had no idea that I had applied for the borrower's defense and had not put my loan in forbearance. Who should I be contacting to get a status update?

To get an update on the status of your application, you could contact whomever you submitted your application to.

You can talk with your loan servicer about loan repayment options, like a forbearance.

Bridget, I am sure you answered this question before but please share again. This is a partial payment will there be more in the future or the check I received is the only one I will get? And how was the money divided up with the students?

The amount of your partial refund is based on the amount of tuition you paid to DeVry during the relevant time period and up until November 2016, minus any refunds, scholarships or grants (including Pell Grants) that you got during that time. The amount of tuition you paid might not be the same as the amount you borrowed in student loans. For example, you might have also borrowed money to pay for books, fees or living expenses.

My thoughts on the borrowers defense is really disappointing since a former devry dean is now watching over the borrowers defense applications..imagine that'... for profit schools buying seats in the government...

So since this forum is basically pointless now... Has any one heard back from the borrowers defense claims???

I filed my borrower defense claim October 2016 and I am still waiting. I doubt anyone has gotten approved.

Suzane, have you heard anything from them saying your loans have been put in forbearance while they look over it since you filed in 2016? Or is it just the being approved of loans being forgivven or not because I have heard it can take anywhere from 12-18 months or so.

Hey FTC. Thanks for the check that expired yesterday. And I really appreciate how easy it is to get a hold of someone about this. The number you provided is total BS. Its just a recording telling me to come here and there is absolutely nothing relevant here. You send refund checks that expire in 30 days and then hold on to them until the last minute to ensure that they cannot be cashed. CLASSY! Keep working in my best interests.

Please call the number again and listen to the entire message to hear your options.

What happens if you miss the void date on the check that was sent to me, how do I receive my refund share for this settlement action. Refund information..

Please contact Analytics Consulting, LLC at 844-578-2645 and listen to the entire message to hear your options.

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