University of Phoenix students get nearly $ 50 million in reimbursement for misleading ads • Tamarac Talk

By Sharon Aron Baron

Almost $ 50 million is being sent to former University of Phoenix students following a settlement over accusations the school has been misleading advertising,

The Federal Trade Commission sends payments totaling nearly $ 50 million to more than 147,000 University of Phoenix students who they say used deceptive advertisements who falsely touted his connections and employment opportunities with companies such as AT&T, Yahoo !, Microsoft, Twitter, and the American Red Cross.

The FTC also alleged that the for-profit school’s advertising gave the false impression that the online school was working with these companies to create employment opportunities for its students and tailor its curriculum to those jobs.

In addition to direct payments of nearly $ 50 million for some students, the $ 191 million settlement includes $ 141 million to write off unpaid balances owed directly to the school by eligible students.

Other debts, such as federal and private student loans or military benefits, are not affected by this settlement.

The FTC mails 146,804 checks and issues 677 PayPal payments to students who first enrolled in a master’s, bachelor’s, or associate’s program at the University of Phoenix between October 15, 2012 and December 31, 2016; paid over $ 5,000 in cash, scholarships, federal and private student loans, or military benefits; has not obtained debt cancellation under this settlement, and did not refuse to have the University of Phoenix provide the student’s contact information to the FTC.

People who get a refund through PayPal will have 30 days to accept payment.

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Sharon Aron Baron

Sharon Aron Baron

Sharon Aron Baron is editor-in-chief of Talk Media and Tamarac Talk, Coral Springs Talk and Parkland Talk. Tamarac Talk was established in 2011 to provide information to residents of Tamarac and is the # 1 source of information for residents.

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