University Of Phoenix To Cancel Student Loan Debt In Settlement

The University of Phoenix settled with the FTC over deceptive advertising allegations, agreeing to pay $50 million and cancel $141 million in student loan debt. The FTC claimed the university falsely advertised job opportunities with major companies and targeted specific demographics, including Hispanics and military personnel. The university stated these ads were from previous ownership but maintained they acted appropriately.

What was the total amount of student loan debt canceled by the University of Phoenix as part of the settlement?

• $50 million

• $141 million

• $191 million

• $100 million

Which companies were falsely advertised by the University of Phoenix as job opportunity partners?

• Google and Facebook

• Microsoft and Twitter

• Amazon and Netflix

• IBM and Oracle

What did the FTC claim about the University of Phoenix's curriculum development?

• It was developed with government agencies.

• It was created in collaboration with local businesses.

• It was based on outdated industry standards.

• It falsely claimed partnerships with major companies.

Which group was NOT mentioned as being targeted by the University of Phoenix?

• Veterans

• International students

• Hispanic population

• Military spouses

What was the University of Phoenix's response regarding the advertisements?

• They refused to comment.

• They admitted to the allegations.

• They claimed the ads were under former ownership.

• They denied all allegations.