A.G. Schneiderman Obtains Settlement With Devry University Providing $2.25 Million In Restitution Fo
Attorney General Eric T. Schneiderman announced today a settlement with for-profit education company DeVry Education Group, Inc. and its subsidiaries DeVry University, Inc. and DeVry/New York, Inc. (collectively, "DeVry"). The settlement resolves an investigation that revealed that DeVry lured students with ads that exaggerated graduates' success in finding employment at graduation and contained inadequately substantiated claims about graduates' salary success. Pursuant to the agreement, DeVry will pay $2.25 million in consumer restitution and $500,000 in penalties, fees and costs. "DeVry used misleading claims to lure in students who were simply seeking a college degree, greatly exaggerating job and salary prospects for graduates" said Attorney General Schneiderman. "I'm pleased that this settlement provides much deserved restitution to students who were misled, and requires DeVry to stop its false advertising." For more information on DeVry to pay $2.25 million to settle state's allegations of misleading graduates about employment and salary prospects after graduation click on the pictures below to read the articles.