Most people attend college to earn a degree and obtain an honest job. during a competitive job market, it helps to possess connections. So when a university or university claims it’s relationships with well-known employers, which will convince you to attend. But beware: Claims like this might be a ploy to draw in new students — and your tuition dollars. In fact, the FTC says that’s just what one for-profit university did as a part of an in depth ad campaign .
In a proposed settlement announced today, the FTC says that for-profit University of Phoenix, and its parent company, Apollo Education Group, Inc., falsely claimed that their relationships with top companies created job opportunities specifically for Phoenix students and deceptively claimed they worked with these companies to develop courses.
The FTC says that University of Phoenix used a multi-media advertising campaign to draw in students, including ads specifically targeted to military and Hispanic consumers. The companies’ “Let’s Get to Work” campaign featured several high-profile employers, including Microsoft, Twitter, Adobe, and Yahoo!, giving the misunderstanding that UOP worked with those companies to make job opportunities for its students.
As a part of the $191 million settlement, the businesses will return $50 million in cash to former students and cancel $141 million in student debt owed on to the varsity . The proposed order prohibits the businesses from further deceptive business practices. additionally , it requires them to ask consumer reporting agencies to delete the debts from people’s credit reports, give notice to those that got debt cancellation, and confirm people have access to their diplomas and transcripts.
2021 Guide to Apply for University of Phoenix Student Loan Forgiveness
In 2020 and 2021, many students can be qualified for the University of Phoenix student loan forgiveness. The lawsuit charged the UOP, claiming delusive recruiting methods, misrepresenting the income and job replacement rates. After this student loan class-action lawsuit, the University of Phoenix settled $10 million by ED. As the Department of Education announced, borrowers may get partial loan forgiveness, depending on their income.
If you are a student misled and defrauded by the university, there are closed for-profit school student forgiveness programs, such as Borrower Defense to Repayment to discharge your student loans. President-elect Joe Biden gives huge importance to this program and wants to return it to its glorious days. Hence, the borrowers have a higher chance to get rid of the debt through this program.
In our article, we will guide you through the application process on how to get the University of Phoenix student loan forgiveness. The University of Phoenix is founded in 1976, headquartered in Arizona, the United States of America. The University started with eight students as a for-profit school. The enrollment at the university was high in 2010, but the numbers declined after the lawsuit. Since 2015, the University of Phoenix has been investigated by FTC.
The University of Phoenix faced claims such as illicit activities against both the students and the federal government. In more detail, the claims involved that the university violated the state laws, defrauded the students about getting student loans, and job placement after graduation.
If you are among the deceived victims of any school, there is an opportunity for you to get a discharge for your student loans. The University of Phoenix student loan forgiveness is for the borrowers who believe they are misled and defrauded by UOP.
The University of Phoenix is accused of many deceitful and illicit actions against the students. The class-action lawsuit is the result. Many students claimed that education quality was not as good as the university promised.
As a for-profit school, the University of Phoenix is being sued for violation of the contract and the contractual relations, taking the advantages of many low-class citizens, false advertisements, providing false information to the government about student aid statistics.
After the class action lawsuit, the university agreed to discharge the student loans for the borrowers who qualify for the University of Phoenix student loan forgiveness.