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.
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