Some University of Phoenix students will receive money as part of a 2019 deceptive advertising settlement. The The Federal Trade Commission announced on Wednesday that it will send nearly $ 50 million to more than 147,500 students.
According to the FTC, the University of Phoenix used deceptive ads to attract students, ads that gave the false impression that the for-profit online university was working with companies like AT&T, Yahoo !, Microsoft, Twitter and the American Red Cross to create employment opportunities and shape its programs for jobs.
Students who have not yet had their debt canceled by the university may be eligible if they have enrolled in associate, bachelor’s or master’s degree programs between October 15, 2012 and December 31, 2016 and have paid over $ 5,000 to the University of Phoenix in cash. , student loans, military benefits or a combination.
The FTC said the average payout is $ 337 and most students will receive a check in the mail from the FTC’s reimbursements administrator, Rust Consulting. About 700 students will receive payments through PayPal, and the FTC will email these people before PayPal sends payment.
The FTC says it will never ask for money or ask for sensitive information like a Social Security number, bank account, or credit card numbers before sending payments. If this happens, contact the FTC at ReportFraude.ftc.gov
In addition to the nearly $ 50 million in direct payments, the settlement includes $ 141 million to write off unpaid balances owed directly to the school by eligible students. The FTC has said federal and private student loans or military benefits are not affected by this settlement and has asked students with questions about school canceled debt to send an email [email protected] or call 1.800.333.5305.