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Tag: Apollo Education Group
News Roundup
Former University of Phoenix Students Will Receive Nearly $50 Million in University of Phoenix Deceptive Advertising Settlement
The Federal Trade Commission is sending approximately $50 million to former University of Phoenix students following a settlement over deceptive advertising accusations for UP, NBC News reported. This comes as part of a 2019 $191 million settlement over allegations the university ran advertisements falsely claiming relationships with companies such as AT&T, Yahoo!, Microsoft and Twitter. […]
March 26, 2021
News Roundup
University of Phoenix Agrees to $191 Million Settlement Over Deceptive Ads
The University of Phoenix – and its parent company Apollo Education Group – will forgive $141 million in student loan debt and pay $50 million, settling federal charges that it used false advertising to attract students, according to a Federal Trade Commission announcement this week. The school’s marketing falsely implied that it had job contacts […]
December 11, 2019
News Roundup
Feds OK Sale of University of Phoenix Parent, if Terms Met
The federal government will allow one of the nation’s largest for-profit college companies to be sold only if the new owners put up $385 million as insurance and agree not to increase enrollment, among other terms. Apollo Education Group, the parent company of the University of Phoenix, agreed in February to be bought by a […]
December 8, 2016
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