FTC Reaches Historic Settlement with University of Phoenix over False Advertising

HeadlineDec 12, 2019

The Federal Trade Commission has reached the largest-ever settlement with a for-profit college, the University of Phoenix, over charges of deceptive advertising and marketing false job opportunities to students. The university’s record $191 million settlement will include canceling $141 million in student debt. FTC member Rohit Chopra said, “Today’s action against University of Phoenix and future actions against scam schools will set the stage for canceling more student debt.”

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