Another For Profit University is prosecuted and settles.
The University of Phoenix has agreed to a $191,000,000.00 settlement with the Fair Trade Commission. The settlement is a result of allegations that students were harmed by false or misleading advertising. The University will pay $50,000.000.00 in cash for fines.
More importantly, many student loans ($141,000,000.00) will be FORGIVEN. If you attended the University of Phoenix between October 1, 2012 and December 31, 2016 you may be in the effected by this action and you should contact the University for further information.