Certain students at DeVry University may have a refund check coming their way thanks to a settlement with the FTC.
A settlement was reached for deceptive advertising, so the school has agreed to pay $49.4 million for partial refunds to some students.
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.
The refunds won't be in the full amount people paid, but the amount will depend on how much each person gave the school.
If you were a student at DeVry between Jan. 1, 2008 and Sept. 30, 2015, you don't need to do anything to apply for a refund. However, if you think you are eligible, and your address has since changed, call the FTC refund administrator at (844) 578-2645.