DeVry University faces lawsuit over job, earning claims

WASHINGTON -- The government is suing the operators of the for-profit DeVry University, alleging they misled consumers about students' job and earnings prospects.

See Full Article

In the complaint announced Wednesday, the Federal Trade Commission said it was deceptive for DeVry to claim that 90 per cent of its graduates actively seeking employment landed jobs in their fields within six months of graduation.

The agency also says DeVry was misleading when it claimed its graduates had 15 per cent higher incomes one year after graduation on average than graduates of all other colleges or universities.

The commission says numerous graduates that DeVry counted as working "in their field" were actually not. For example, a business major specializing in health services was working in a restaurant as a server.

"Millions of Americans look to higher education for training that will lead to meaningful employment and good pay," FTC Chairwoman Edith Ramirez said in a statement. "Educational institutions like DeVry owe prospective students the truth about their graduates' success finding employment in their field of study and the income they can earn."

DeVry, based in Downers Grove, Illinois, has more than 55 campuses across the country, offering degree programs in business, technology and healthcare technology.



Advertisements

Latest Economic News

  • $500K hardship fund for former Sears Canada employees approved by judge

    Economic CBC News
    A judge has approved a hardship fund for former Sears Canada employees that will come from a pool of money set aside to pay bonuses for key employees. The $500,000 fund will help former employees facing difficulty who would have otherwise been eligible for severance payments when they lost their jobs at the retailer. Source
  • Elevated testosterone linked to 'reckless' financial trading, study finds

    Economic CBC News
    It's no secret financial traders have always been predominately male. So, when a group of researchers with the Ivey Business School at Western University in London, Ont., set out to at look at the role of testosterone on the markets, it wasn't a far-flung idea. Source
  • Brazil to ask for WTO panel to settle dispute over Bombardier subsidies

    Economic CTV News
    MONTREAL -- Brazil says it will ask the World Trade Organization to establish a dispute settlement panel after consultations with Canada failed to resolve its complaint about government subsidies to aircraft manufacturer Bombardier. The South American country said it will ask the WTO to examine more than 20 subsidy programs granted to the Montreal-based company for the development of its CSeries aircraft. Source
  • Bombardier employee in Swedish unit charged with bribery

    Economic CBC News
    A Russian employee in the Swedish branch of Canadian plane and train maker Bombardier was charged Friday with aggravated bribery and faces up to six years in jail and deportation if found guilty. Swedish prosecutor Thomas Forsberg alleges Evgeny Pavlov bribed a public servant in Azerbaijan to win a $340-million contract for a new signalling system. Source
  • Bombardier says Russian worker charged with bribery doesn't reflect its values

    Economic CTV News
    MONTREAL -- Bombardier says the filing of formal criminal charges in Sweden on Friday against a railway employee doesn't reflect its values. "We take these allegations very seriously as they assert conduct that does not reflect our values or the high standards we set for ourselves, our employees and our partners," the Montreal-based company (TSX:BBD.B) said in a statement. Source
  • Shipping firm blames fee hike on federal measures to protect right whales

    Economic CTV News
    ST. JOHN'S, N.L. - A Newfoundland shipping firm is raising its fees, blaming higher costs because of federal measures taken to protect North Atlantic right whales after a series of deaths. Oceanex Inc. says the four-per-cent "temporary marine protection surcharge" on service between Montreal and St. Source
  • TMX working with Canadian regulators on how to deal with U.S.-linked pot stocks

    Economic CBC News
    TMX Group Ltd. is seeking guidance from Canadian securities regulators as it weighs how to deal with marijuana companies listed in Canada with interests in the United States where the business remains federally illegal. "This is a complex matter which touches multiple aspects across our capital market system, and as such requires close examination and careful consideration," Toronto-based TMX Group said in a release Thursday. Source
  • Oceanex says cost of ships slowing down for whales is $100K a week

    Economic CBC News
    Due to new rules brought in by the federal government in an attempt to protect an unusual number of endangered right whales in the Gulf of St. Lawrence, Oceanex has introduced a temporary surcharge for vessel operations between St. Source
  • Group of Sears Canada creditors wants to sue executives and board

    Economic CTV News
    TORONTO -- A group of Sears Canada creditors wants to sue the company's executive officers and directors, alleging negligent misrepresentation and oppression. The retailer's court-appointed monitor says the group wants an Ontario judge's permission to launch their case against the company, which is currently protected under the Companies' Creditors Arrangement Act. Source
  • Judge OKs hardship fund for ex-Sears Canada employees

    Economic CTV News
    TORONTO -- A judge has approved a hardship fund for former Sears Canada employees that will come from a pool of money set aside to pay bonuses for key employees. The $500,000 fund will help former employees facing difficulty who would have otherwise been eligible for severance payments when they lost their jobs at the retailer. Source