Posts

devry-university-accused-of-fraud

Devry University Fraud and Lawsuit Complaints

Devry University Fraud and Lawsuit Complaints

The name Devry University is popping up in ways that aren’t being used to promote it as a viable education option. The subject of many investigations, this university is weighed down under a mountain of complaints but is still not as bad off as the mountain of debt its students’ are trying to deal with. Deceptive advertising, bribery, and misleading financial aid practices, and lawsuits are the talking points when it comes to Devry in the last few years.

Lawsuits have been initiated recently which have accused the university of circumventing federal regulation designed to put measures of control on for-profit colleges and universities which were implemented by Obama legislation. These regulations were intended to protect students from being taken advantage of and being loaded down with student debt for attempting to educate themselves and make it in this tough economic environment.

Instead, Devry has managed to finagle their way around this legislation and trade an often-useless diploma in exchange for $60,000 or more in student loan debt. If that weren’t enough, lawsuits accusing Devry of bribing students, sexual harassment, violation of internal company policy and exceeding enrollment quotas set by the government have been on the rise. Counselors exceeding these caps were given hefty bonuses and students were paid to post positive reviews on this university in Devry’s attempt to mislead students.

Devry’s entrance policies accept students who do not have the required skills and education to successfully complete their program which indicates they are knowingly setting students up to fail and struggle with overwhelming debt they can’t afford to pay. These students must now search out student loan debt relief programs or risk significant financial peril in order to survive.

Certificates and education received from Devry are often discounted as being of any value when employers are considering candidates for job positions. Reviews have indicated that employers who see Devry on a resume will often toss it in the do-not-interview pile meaning these students have paid $60,000 on education employers deem insufficient to actually do the job even at an entry level.

Students graduating from these programs are indicating that they are unable to find employment and are in default on their loans as they can’t afford to pay them. Although many lawsuits have been initiated against this company, it is still open for business and puts others at risk of falling into the same money trap. Students who have dropped out of or completed the program are left with a dilemma on how to go about paying for a rather expensive piece of paper they can’t do much with when attending a community college at ¼ the price would have given them a higher quality education they could have at least put to good use.

Student loan debt relief programs have been initiated by companies who will attempt to assist students with their efforts to crawl out from under this huge mountain of debt and can help reduce the payments to more manageable levels or can, at times, reduce the overall debt amount. While this does not erase the damage done by Devry for so many students, it is at least a viable solution for those struggling with their finances in this difficult position.

If you feel you were defrauded by the school you attended or you are being treated poorly as a distressed borrower by your creditors, contact StudentLoanFAQ's and speak to one of our advisors about student loan forgiveness. You may qualify to consolidate or even wipe out your remaining student loans.

brokton-universities-accused-of-fraud

Brockton For-Profit School Sued for Misleading Students

Brockton For-Profit School Sued for Misleading Students

A settlement has been reached with Sullivan & Cogliano, a Brockton for-profit school, after a lawsuit was launch which alleged that the school was misleading its students and using false information to entice potential students. Claims that S&G’s advertising, website, and handouts contained false information regarding its student training methods, programs, certification fees, job placement success, and other misleading practices were indicated Attorney General Martha Coakley.

Investigators looking into the matter discovered that statements contained in advertising or other promotional materials didn’t hold up under close scrutiny. As this school is a for-profit provider, course costs are significantly higher than community colleges and are heavily funded by Pell Grants and federal student aid programs. Students who were completed S&G’s programs often found the school couldn’t deliver on its promises and all they were left with was a huge debt pile they couldn’t pay, loans in default, few job prospects, and bad credit which would follow them around for years to come.

Job placement claims made by S&C were seriously inflated. The school advertised successful job placement for 70-100 percent of its graduates, all of which were working in their chosen field of study. The reality was more like the equivalent of a balloon left over from a party three weeks ago as fewer than 25% of graduates were actually working within their field in any way. S&C’s profits were inflated to bloated proportions and had quintupled since it had gained access to federal loan programs though.  The remaining percentage of employed students was actually working in fast food or retail establishments for minimum wage. Unless S&G had a program about how to work for minimum wage and choke on your debt that no one knew about, student success was a definite falsehood.

Program information indicated that students would receive significant clinical training and become certified within a few weeks and this, too, was far from the truth. Not one student received a job from their clinical training, medical equipment featured in the company’s literature was not even instructed on, and only a few individuals managed to work even in a medical office environment.

Exaggerated program durations, job placement, extent of internships, costs and fees associated with testing for certification, and methods of teaching were also grossly misrepresented. The lawsuit in question demanded that S&G pay back its students and correct their misleading information in addition to paying legal costs and penalties.

In the end, the school knew its ship had sailed and S&C agreed to the settlement outlined by the court. This settlement stated that S&C must pay $425,000 in loan relief for harmed students; remove its Medical Office Assistant and Office Professional-Medical Concentration programs in Massachusetts; produce factually correct advertisements regarding job placement, fees, and disclose that students are entering a primarily self-taught program. Internships and clinical experience were also indicated in the settlement as were statements regarding the time it takes to complete the program. The school agreed to the settlement and said it would comply with the judge’s requests voluntarily.

If you feel you were defrauded by the school you attended or you are being treated poorly as a distressed borrower by your creditors, contact StudentLoanFAQ's and speak to one of our advisors about student loan forgiveness. You may qualify to consolidate or even wipe out your remaining student loans.

american-intercontential-university

American Inter-Continental University Fraud Practices

American Inter-Continental University Fraud Practices

Students claiming the American Inter-Continental University was their first step on the road to financial hell, a nightmare that never ends, and a certificate not worth the paper it was printed on are the unfortunate reality many students having attended this university have faced. Stuck in a financial prison of debt, students of this school’s predatory practices are left wondering how they ended up holding the bag for loans they didn’t’ even apply for.

Long-term debt repayment, loans in default, and credit so damaged they can’t even pursue further education elsewhere is what students got in exchange for signing up with American Inter Continental University. Some students are left with loans so large they total more than three years their current yearly salary. Between the large outstanding loan balances and the dismal employment prospects, these students are often left struggling financially for decades.

Many students nearing the end of their degrees at the university found they suddenly needed to take extra classes last minute in order to graduate and weren’t told they were going to be charged additional amounts for the courses. Others found that mysterious unpaid balances on their account were why they never received their diploma or transcripts, and some have had to take out additional loans just to get the piece of paper they worked so hard to get. The worst part of it all is those that do get their diploma suddenly find out what it’s worth…not much.

Many successful graduates have learned the hard lesson that employers aren’t interested once they see American Inter-Continental University on their candidate’s resumes leaving some at risk of homelessness and working multiple minimum wage jobs to try to pay their rent. With barely enough money to survive, these former students’ loans are sitting in default, and in the case of federal student loans, the taxpayers are left holding the bag as a result of the university’s shady business practices. Credits from the school are often non-transferable so those who try to follow another education route after American Inter-Continental soon find they will have to start from scratch. Due to loans in default or having maxed out their borrowing amounts, many are left unable to continue their education.

American Inter-Continental students nearing the end of their course of studies often find they are unable to receive their diplomas or transcripts as there are outstanding balances on their school accounts. Extra fees for classes they thought were included, fees or price changes often appear on accounts and prevent students from formally graduating. Students are then left having to fork over additional funds in order to receive their papers or are left without them…not that they turn out to be worth much once they’ve received them. Many students exiting the programs are shocked when third party credit agencies start hounding them for payments on loans they were unaware they took
American Inter-Continental is all about raking in the bucks and doesn’t much care whether or not its students are able to transfer their credits or obtain jobs after they walk out the door. After all, they’ve already collected more than their fair share of the students’ federal and private student loans.

If you feel you were defrauded by the school you attended or you are being treated poorly as a distressed borrower by your creditors, contact StudentLoanFAQ's and speak to one of our advisors about student loan forgiveness. You may qualify to consolidate or even wipe out your remaining student loans.