More bad news for students scammed by DeVry…This week, the Federal Trade Commissions is sending out checks as part of its $100 million settlement with DeVry last year. The average size of the check? Less than $281. Please see below for an article today in the Chicago Tribune. Many of the potential clients we’ve spoken to were reluctant file a lawsuit against DeVry because they believed the FTC would eliminate their debt. As we noted in multiple communications and blog …posts, the FTC settlement was only $100 million. Unfortunately, Devry students have $8.2 billion in outstanding student loan debt. In addition, the FTC action ONLY covers private loans and NOT the onerous and burdensome federal loans. For those students victimized by DeVry, please contact us for our questionnaire or call us at 312.332.4200.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices. The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.