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University of Phoenix to pay $191 million to settle 'deceptive ad' probe


Added 12-10-19 12:10:03pm EST - “The University of Phoenix, which is owned by Apollo Education Group, has agreed ...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “University of Phoenix to pay $191 million to settle 'deceptive ad' probe”. Below is an excerpt from the article.

WASHINGTON (Reuters) - The University of Phoenix, which is owned by Apollo Education Group, has agreed to pay $191 million to settle charges that it was deceptive in advertising close ties with major U.S. companies that could lead to jobs for students, the Federal Trade Commission said on Tuesday.

The University of Phoenix will pay $50 million to the FTC to return to consumers and cancel $141 million in student debt.

The FTC said that the University of Phoenix had falsely advertised that it had a relationships with AT&T, Yahoo!, Microsoft and Twitter which could lead to jobs for students.

The school’s advertisements also indicated falsely that big companies helped it build a curriculum which could lead to jobs, the FTC said.

The University of Phoenix is one of a long list of for-profit colleges that have attracted the attention of U.S. regulators because of accusations that they were not honest about metrics to judge the success of their students.

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