FTC SU­ING DEVRY OVER JOB, EARN­INGS CLAIMS

The Denver Post - - BUSINESS -

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

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

The agency also says DeVry, which has 55 cam­puses across the U. S., in­clud­ing in West­min­ster and Colorado Springs, was mis­lead­ing when it claimed its grad­u­ates had 15 per­cent higher in­comes a year af­ter grad­u­a­tion on av­er­age than grad­u­ates of all other col­leges or univer­si­ties.

“Ed­u­ca­tional in­sti­tu­tions like DeVry owe prospec­tive stu­dents the truth,” said FTC Chair­woman Edith Ramirez in a state­ment.

DeVry is based in Down­ers Grove, Ill.

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