Another for-profit college is in trouble with the government for allegedly misleading students about their chances of getting a job and increasing their income after graduation.
DeVry University was sued by the Federal Trade Commission Wednesday for advertisements that it said deceived students. At issue is a statistic the college started using in ads in 2008: that 90% of grads since 1975 found jobs in their fields of study within six months of graduation.
The FTC found this to be “deceptive,” and the college is now required to notify current and prospective students about the unsubstantiated claim. The school used another allegedly false stat in some ads, claiming that grads had 15% higher incomes one year after graduating than those of all other colleges and universities.
This comes months after Sallie Mae, also known as Navient Corp., agreed to pay a combined $139 million and the U.S. Department of Education announced more than $480 million in forgiveness for other borrowers.
Are you a Devry University alum who feels like they have been mislead about their job placement prospects? DeVry graduates are rushing to take advantage of millions in forgiveness and settlements before these programs change and are possibly repealed. Due to high demand the certified enrollment center has established the Graduates Relief Program helpline at (844) 653-1500 and provides a free eligibility check and assist borrowers who would like to check if they qualify for one of the settlement programs, Mon-Fri 7am – 6pm PST.
Why is Student Loan Forgiveness Happening?
The amount of money owed by individuals continues to grow due to high compounding interest rates. This is making it even harder for many to overcome student loan debt. As a result, many Americans are finding themselves under a huge burden and cannot pay for everyday essentials including rent, mortgages, car payments and even monthly food bills. The effects of overbearing student loans are also affecting the national economy and adding to the growing financial crisis in America.
The Department of Education hopes Student Loan Forgiveness options will put more money in our pockets and stimulate the economy. Like the policy or not it may help millions of Americans get back on track. The problem is that these programs could change at anytime under the new administration, therefore, borrowers are urged to take advantage while there is still time. Check your eligibility for loan forgiveness by contacting the free Borrowers Relief Program helpline at (844) 653-1500.
A Common Struggle
Jeremy, a Web Designer, explains his personal struggle with student loans. He received his associates degree for Web Design from DeVry in 2004. Borrowing $45,000 in federal and private loans, Jeremy says he hasn’t been able to get a job in Web design because, “Everything that I had learned from my degree became obsolete even before I graduated because the technology moves so fast.” Since graduation, Jeremy has fallen behind on his loan payments, and his debt has nearly doubled to $88,000. Despite working full-time day and part-time night jobs and scaling back his expenses to the bare minimum, Jeremy says he does not see a way out of default.
How do you Get Help if you Have Student Loans?
If you find yourself burdened by the repayment of student loans, you are not alone. You are just one of the 40 million Americans who owed financial institutions more than $1.4 trillion at the end of 2017.
Despite this, there are several new programs aimed at reducing payments, forgiving, discharging or even cancelling student loans owed by millions of struggling Americans. Though Not everyone qualifies for these programs, there are several options available for any type of situation. Loan servicers like Navient Corp, have fallen under scrutiny by law makers for not making borrowers aware of their options, and often entering borrowers in to un-beneficial forbearance’s often accruing unnecessary interest on already high balances. To know whether you are eligible for a settlement, student loan forgiveness, consolidation or lower monthly repayments, call the Graduates Relief Program Helpline at (844) 653-1500.
What is Student Loan Forgiveness?
Loan forgiveness is the cancellation of all or some portion of your federal student loan balance. Yes, that’s right—cancellation of your loan balance. If your loan is forgiven, you are no longer required to repay that loan
Student Loan Borrowers may contact the Graduates Relief Program Helpline to get information on individual borrower eligibility.
Check Your Eligibility
Monday – Friday | 7am to 6pm PST