“Students making important decisions about their education need the facts, not fantasy job opportunities that don’t exist, “said Andrew Smith, the director of the FTC’s Bureau of Consumer Protection.
The university is based in Phoenix and had nearly 100,000 students last year. Students primarily take classes online. the varsity was owned by a publicly-traded company from 1994 to 2016, when it had been sold to non-public investors. At its peak, the varsity had quite 470,000 students.
The commission’s complaint and stipulated final order, which was approved by commissioners, are getting to be filed in court in Arizona, the FTC said. Stipulated final orders from the commission have the force of law after they’re approved and signed by an area court judge.
Rohit Chopra, one of the commissioners, said on Twitter that “today’s action against University of Phoenix and future actions against scam schools will set the stage for canceling more student debt and terminating bad-actor access to valuable government benefits.”
Students, meanwhile, are often left with “a mountain of debt and few career prospects” while for-profit schools haul in federal aid, Chopra said. The FTC started its investigation of University of Phoenix in 2015.
The university noted that the settlement involved “a single advertisement campaign that ran from late 2012 to early 2014 and occurred under prior ownership.”
In a statement, it said it continues to “believe the university acted appropriately.”
“This settlement agreement will enable us to require care of specialize in our core mission of improving the lives of students through career-relevant education , and to avoid any more distraction from serving students that might have resulted from protracted litigation, also because the time and expense of the litigation itself,” the university said.
Many students of the University of Phoenix has a problem paying their student loans. If you are one of the University of Phoenix students who are suffering to pay the financial aid student loans back, you may be eligible to get a discharge through Borrower Defense to Repayment.
Borrower Defense to Repayment allows you to discharge your student loans, if the University of Phoenix defrauded you about taking federal aid student loans, misrepresented you the poor study program and false employment rates, violated the federal laws with any deceitful action. To apply Borrower Defense to Repayment, you need to prove with facts that the University of Phoenix misled or defrauded you. In your Borrower Defense claim, you need to accuse the school of false advertisements, fake income rates after graduation to get the University of Phoenix student loan forgiveness. After your application is accepted, your University of Phoenix student loans will be forgiven. You may qualify for a refund as well. In the next section of our article, you will learn about the qualifications and the requirements of getting a benefit, refund or discharge for your University of Phoenix student loans.
After the University of Phoenix is accused of illicit activities against the federal government and the students, the victims of the school have the chance of benefiting from their student loans.
What are the main requirements to get the University of Phoenix student loan discharge through Borrower Defense to Repayment?
The primary requirement to qualify for Borrower Defense to Repayment is to prove that UOP misled and defrauded you. You should claim that the university misrepresented its academic program, did take fraudulent actions, deceived you to get the federal aid student loan. Apart from your application, you need to support your claim with additional materials to make it easy to get the student loan forgiveness.
Fortunately, there is a big possibility to qualify for the University of Phoenix student loan discharge in 2019. If you find out that you are eligible for the Borrower Defense to Repayment Discharge, you may apply to the program and get the forgiveness for your student loans. If the committee approves your application, you may even get a refund for the amount you paid previously for your student loans.
Let’s now learn the application process and steps you need to take in 2019, to get forgiveness for your University of Phoenix student loans.