🚨 Attention all DeVry University students! 🚨
If you attended DeVry University between 2008 and 2015, you may be eligible for loan forgiveness as a result of a lawsuit filed against the university for misleading advertising and deceptive marketing tactics. The Federal Trade Commission (FTC) alleged that DeVry falsely advertised that 90% of their graduates found work in their field within six months of graduation, which led students to believe that DeVry would give them a significant advantage in their job search.
If you were one of the many students who chose to attend DeVry based on these false promises, you may be eligible for partial or full loan forgiveness. Read on to learn more about the DeVry lawsuit loan forgiveness program and how to apply.
What is the DeVry lawsuit loan forgiveness program?
The DeVry lawsuit loan forgiveness program is a settlement agreement between DeVry University and the U.S. Federal Trade Commission. After being accused of misleading advertising and deceptive marketing tactics, DeVry agreed to pay $100 million to the FTC, which was then used to provide relief to eligible students who borrowed money to attend DeVry between January 1, 2008, and October 1, 2015.
Who qualifies for DeVry lawsuit loan forgiveness?
👉 Students who meet the following criteria may be eligible for DeVry lawsuit loan forgiveness: 👈
Criteria |
Eligibility |
|---|---|
Attended DeVry University between January 1, 2008, and October 1, 2015 |
✅ Eligible |
Took out federal or private loans to pay for education at DeVry |
✅ Eligible |
Did not complete their degree program at DeVry or transfer credits to another institution |
✅ Eligible |
Graduated from DeVry but did not find employment in their field of study within the first six months after graduation |
✅ Eligible |
Are not currently in default on their DeVry student loans |
✅ Eligible |
Are not enrolled in another DeVry program or have not already received a refund or forgiveness for their DeVry loans |
✅ Eligible |
Completed their degree program at DeVry and found employment in their field of study within six months of graduation |
❌ Not eligible |
If you are still unsure if you qualify for DeVry lawsuit loan forgiveness, visit the FTC’s website for more information.
How much loan forgiveness can you receive?
The amount of loan forgiveness you are eligible to receive will depend on a variety of factors, including the amount of student loans you took out to attend DeVry, the length of time you attended the university, and whether you received any other financial aid while attending DeVry.
To determine your eligibility and the amount of loan forgiveness you may receive, you should visit the FTC’s website and complete the application process.
How to apply for DeVry lawsuit loan forgiveness?
👉 You can apply for DeVry lawsuit loan forgiveness by following these steps: 👈
- Visit the FTC’s website and complete the application process.
- Provide documentation that shows you attended DeVry University during the eligible time period, took out federal or private loans to pay for your education, and did not complete your degree program or transfer credits to another institution.
- Provide documentation that shows you did not find employment in your field of study within six months of graduation.
- Wait for your application to be reviewed by the FTC and for a determination to be made about your eligibility and the amount of loan forgiveness you may receive.
FAQs About DeVry Lawsuit Loan Forgiveness
1. What is DeVry University?
DeVry University is a for-profit university that offers degree programs in business, technology, and healthcare. It was founded in 1931 and has more than 45,000 students across 55 campuses in the United States.
2. What was the DeVry lawsuit about?
The DeVry lawsuit was about the university’s allegedly false claims that 90% of their graduates found work in their field within six months of graduation. The Federal Trade Commission (FTC) alleged that these claims were misleading and deceptive, and led students to believe that DeVry would give them a significant advantage in their job search.
3. How much money did DeVry pay to the FTC?
DeVry paid $100 million to the FTC as part of a settlement agreement to resolve allegations of misleading advertising and deceptive marketing tactics.
4. What is the DeVry lawsuit loan forgiveness program?
The DeVry lawsuit loan forgiveness program is a settlement agreement between DeVry University and the U.S. Federal Trade Commission that provides relief to eligible students who borrowed money to attend DeVry between January 1, 2008, and October 1, 2015.
5. Who is eligible for DeVry lawsuit loan forgiveness?
Students who attended DeVry University between January 1, 2008, and October 1, 2015, took out federal or private loans to pay for their education, did not complete their degree program or transfer credits to another institution, did not find employment in their field of study within six months of graduation, and are not currently in default on their DeVry student loans are eligible for DeVry lawsuit loan forgiveness.
6. How much loan forgiveness can you receive?
The amount of loan forgiveness you are eligible to receive will depend on a variety of factors, including the amount of student loans you took out to attend DeVry, the length of time you attended the university, and whether you received any other financial aid while attending DeVry.
7. How to apply for DeVry lawsuit loan forgiveness?
You can apply for DeVry lawsuit loan forgiveness by visiting the FTC’s website and completing the application process. You will need to provide documentation that shows you attended DeVry University during the eligible time period, took out federal or private loans to pay for your education, and did not complete your degree program or transfer credits to another institution.
8. When is the deadline to apply for DeVry lawsuit loan forgiveness?
The deadline to apply for DeVry lawsuit loan forgiveness is December 14, 2019.
9. Will DeVry be shut down as a result of the lawsuit?
No, DeVry will not be shut down as a result of the lawsuit. However, the university was required to change its advertising practices and pay $100 million to the FTC.
10. What should you do if you are having trouble paying your DeVry student loans?
If you are having trouble paying your DeVry student loans, you should contact your loan servicer or lender. You may be eligible for income-driven repayment plans, deferment, or forbearance.
11. How long does it take to receive DeVry lawsuit loan forgiveness?
The processing time for DeVry lawsuit loan forgiveness applications varies, but it can take several months to receive a determination about your eligibility and the amount of loan forgiveness you may receive.
12. What happens if you are not eligible for DeVry lawsuit loan forgiveness?
If you are not eligible for DeVry lawsuit loan forgiveness, there may be other options available to you, such as income-driven repayment plans or loan consolidation. You should contact your loan servicer or lender for more information.
13. Can you apply for DeVry lawsuit loan forgiveness if you have already paid off your DeVry student loans?
No, you cannot apply for DeVry lawsuit loan forgiveness if you have already paid off your DeVry student loans. The program is only available to borrowers who currently have outstanding DeVry student loans.
Conclusion: Take Action Now
If you attended DeVry University between 2008 and 2015, you may be eligible for loan forgiveness as a result of the DeVry lawsuit. Don’t wait to take action – visit the FTC’s website to learn more about the program and how to apply. Remember, the deadline to apply for DeVry lawsuit loan forgiveness is December 14, 2019, so don’t delay.
Loan forgiveness can provide significant relief for borrowers struggling with student loan debt, so take advantage of this opportunity while it lasts. If you have any questions about the DeVry lawsuit loan forgiveness program, don’t hesitate to reach out to the FTC or your loan servicer for more information.
Closing: Understanding Your Rights as a Borrower
As a borrower, it’s important to understand your rights and responsibilities when it comes to student loans. If you’re struggling to make your monthly payments or are having other issues with your loans, remember that there are resources available to help you. Visit the Department of Education’s website or contact your loan servicer for more information about your options as a borrower.
Thank you for taking the time to read this article about DeVry lawsuit loan forgiveness. We hope that you found it informative and helpful in navigating the student loan repayment process.