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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