University Of Phoenix Agrees To FTC Settlement On Student Debt

The University of Phoenix settled with the FTC over deceptive advertising claims, agreeing to pay $50 million and cancel $141 million in student debt. The FTC alleged false advertising about job opportunities and curriculum partnerships with major companies. The university targeted specific demographics, including Hispanics and military personnel, to become the largest recipient of GI bill benefits. The university claims the ads were from previous ownership but maintains its actions were appropriate.

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