You may want to know about the DeVry University Student Loan Forgiveness information in 2022. When I tried to find the information about it, I found it from some online sources and you can read it below.
According to the Business Insider site, here is the latest information about DeVry University Student Loan Forgiveness 2022. The Department of Education made an announcement on Wednesday that even more student loan borrowers will see their debt relieved. The department stated that almost 16,000 borrowers will see $415 million wiped out and it includes 1,800 former DeVry University students. It is also explained that other borrowers from now-defunct ITT Technical Institute, Westwood College, and Minnesota School of Business/ Globe University will also see relief.
According to the Secretary of Education Michael Cardona, students count on their colleges to be truthful and unfortunately, today’s findings show too many instances in which students were misled into loans at institutions or programs that could not deliver what they’d promised.
The Department of Education said that the newest action brings the total amount of loans relieved by the Biden administration under borrower defense to repayment to $2 billion for over 107,000 borrowers.
It is also explained that the relief for DeVry students marks a new development in relief. It is said by the Department of Education that these are the first claims to be approved for an institution that’s still operating – and that they “will seek to recoup the cost of the discharge from DeVry.
According to the Department of Education, from 2008 to 2015, DeVry ‘repeatedly misled prospective students’ with a claim that 90% of its graduates looking for employment found jobs in their field within six months of graduating.
The Department of Education said that the fact is that the actual job placement rate was around 58%. In a press release, the department said that The Department found that more than half of the jobs included in the claimed 90 percent placement rate were held by students who obtained them well before graduating from DeVry and often before they even enrolled. The Department also said that these jobs were not attributable to a DeVry education and their inclusion was contrary to the plain language of the 90 percent claim.
In 2016, DeVry was sued by the Federal Trade Commission over ads about job placement. Both the FTC and the Department of Education finally reached settlements with the school. The department said that in total it has identified about 1,800 DeVry borrowers who will see about $71.7 million in relief and it expects to agree to more claims when they continue to review them.
Donna Shaults, senior director of university relations at DeVry University said to Insider, “DeVry University is deeply committed to student success and has oriented our whole organization around helping people compete in a complex and changing labor market. As today’s announcement calls out, any student claims date back to advertising that was used between 2008 and 2015, predating DeVry’s establishment as an independent institution with a new Board and leadership. Nonetheless, we do believe that the Department of Education mischaracterizes DeVry’s calculation and disclosure of graduate outcomes in certain advertising, and we do not agree with the conclusions they have reached.”
The department said that beyond DeVry, there are 11,900 students from schools like Corinthian Colleges and Marinello Schools of Beauty who will see $284.5 million discharged.
About DeVry University
DeVry University is a private university and its headquarters is in Naperville, Illinois. The campuses are throughout the United States. According to the DeVry University site, here is the information about this university.
DeVry University tries to close our society’s chance gap by preparing learners to thrive in careers shaped by continuous technological change. DeVry University empowers students to meaningfully improve their lives, communities and workplaces through innovative programs, relevant partnerships and exceptional care.
DeVry University has online degrees and programs. An online degree which is offered by this university is a great way to advance your education and may be able to help you prepare for a wider array of job chances. One of the best things is that an online program does not require you to interrupt your life. You are able to attend school from anywhere, whether you are working, raising a family or managing other personal commitments.
The instructors at DeVry University have been teaching courses online for decades. The professors and instructors are effective at communicating high level concepts through online formats. They have also worked hard to be able to develop student services such as 24/7 support, web-based study tools, an e-library and innovative digital lab courses that are able to help online students receive the similar quality education as those taking in person classes.
When you enroll at DeVry University or Keller Graduate School of Management, you are able to prepare for the challenges of the modern workplace to make a positive impact in your selected field. You can browse their variety of on-campus and online degree programs, including certificate programs, associate, bachelor’s, master’s and MBA degree programs.
In DeVry University programs, you are able to get the things below.
- You are able to expand your skill set with tech-infused, experiential learning.
- You are able to study 100% online or take select classes at one of their 40+ campus locations with their hybrid format.
- You are able to access your coursework anytime, anywhere with their flexible learning tools and mobile app.
- You are able to get one-on-one support with 24/7 on-demand tutoring.
- You are able to earn your degree from an accredited university.
If you want to apply for college, here are the steps according to the DeVry University site.
- The first thing that you have to do is to tell the university a little about yourself and they will help with the rest. The convenient online application tool that this university has only takes 5 to 10 minutes to complete.
- If you have submitted your application, an admissions representative will contact you.
- After you have completed your application and connected with an admissions representative, you are ready to create your schedule. Every eight weeks, classes start and run in two cycles.