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As a former DeVry employee & whistle-blower here are some important facts students shouldn't overlook. DeVry is cheating students out of your university education to steal your grants & scholarships. Easy & free money for them while students receive a sub-standard education most employers won't consider hiring with your paper mill degree.

Selling Education Short Hedge fund honcho Steven Eisman sees for-profit education as a ripe area for profiting from short-selling. And there's no question that many for-profit educational institutions prey on the most vulnerable members of our society. But unless government regulations change, these highly profitable student lending mills will survive the bear raid.

DeVry University & other for-profit schools educate less than 10 percent of all college students but get 25 percent of all Pell grants, he said. For-profit school students make up 44 percent of the federal student loan defaults. Part of this is due to the fact that for-profit schools' consumer base are disproportionately poor students and students of color who are the first in their families to go to college.

Too many students are paying $20, 000 to $30, 000 for associate's degrees but their diplomas aren't landing them jobs.

"They're no more employable than they were before and now they're deep in debt, " said Durbin, the assistant Senate majority leader.

For-profit schools are fighting to keep their profits and attempting to stop new regulations that would withhold federal education loans and grants from its schools with high student debt and low student loan repayments.

Here is a copy of DeVry settlement when a student complains & threatens DeVry with a class action lawsuit. DeVry lawyers are paid to work like the Mafia to keep your mouth shut.

DeVry Corporate Office

3005 Highland Pkwy. Ste. 100:

Downers Grove, IL 60515

630-515-3000

SETTLEMENT AGREEMENT AND GENERAL RELEASE

This Settlement Agreement and Release (the "Agreement") is entered into between DeVry University, Inc. ("DeVry"), and Plaintiff

Incorporation of Recitals. The recitals set forth in the Background section above are incorporated in the body of this Agreement as if fully set forth herein.

2. Monetary Consideration. Upon the later of (a) receipt of this Agreement signed by all parties and (b) notice that Plaintiff has dismissed the Complaint with prejudice, DeVry shall forgive the outstanding balance on Plaintiff's account with DeVry and shall not seek payment of the outstanding balance on this account from Ellis; provided that if Plaintiff ever re-enrolls at DeVry or another institution owned or operated by DeVry Inc., the balance on his account resulting from Plaintiff's attendance at DeVry at any time prior to his execution of this Agreement shall become immediately due and payable. 3. As an element of, and in order to induce DeVry to enter into, this settlement, Plaintiff and his heirs, representatives and assigns, do hereby absolutely and unconditionally forever release, discharge and acquit DeVry and its parents, subsidiaries, affiliates, officers, directors, partners, members, stockholders, employees, agents, attorneys, successors and assigns, of and from any and all claims, demands, obligations, liabilities, indebtedness, breaches of contract, breaches of duty or any relationship, acts, omissions, misfeasance, malfeasance, cause or causes of action, debts, sums of money, accounts, compensation, contracts, controversies, promises, damages, costs, losses and expenses, of every type, kind, nature, description or character, and irrespective of how, why, or by reason of what facts, whether heretofore or now existing, of whatever kind or name, whether known or unknown, suspected or unsuspected, liquidated or unliquidated, arising from any time leading up to and including the date which this Agreement is signed by him; provided however, that Plaintiff does not release and expressly preserves the right to enforce his rights under this Agreement and to compel performance and satisfaction by DeVry of its obligations hereunder.

4. No Admission of Liability. The execution of this Agreement shall not be deemed or construed as an admission of liability by DeVry, and DeVry expressly denies liability of any nature whatsoever arising from or related to the subject of the Agreement.

5. Confidentiality; Public Statements. The parties agree that both the existence of the Agreement and the terms contained in this Agreement are confidential and shall not be disclosed to any third parties, except that the parties may disclose the foregoing (a) to the extent required by legal process, court order, or applicable law, rule or regulation, (b) to their respective attorneys, accountants, auditors or financial advisors, and boards of directors, and to governmental bodies to the extent necessary to comply with any applicable tax or financial reporting laws, rules or regulations, and (c) in the event of a breach to allow the non-breaching party to enforce his, her, or its rights under the Agreement in the courts in the Chicago metropolitan area. In the event of any inquiries by any third party concerning the status or resolution of the Complaint, no information shall be disclosed other than that such matters have been "resolved."

6. Non-Disparagement. Plaintiff agrees to refrain from any communications with third parties, written or oral, that could reasonably be considered to constitute disparagement of DeVry.

7. Non-Cooperation and Non-Solicitation. Plaintiff agrees that he will not assist any attorneys or their clients in the presentation or prosecution of any disputes, differences, grievances, claims, charges, or complaints by any third party against DeVry, unless compelled by lawful subpoena or court order. Plaintiff further agrees that he will not solicit or encourage any third party to present or prosecute any disputes, differences, grievances, claims, charges, or complaints against DeVry.

8. Understanding of the Parties. (a) This Agreement constitutes the entire understanding between the parties and supercedes all prior agreements, agreements in principle, and written or oral communications with respect to the resolution of the Complaint. (b) This Agreement may not be modified, amended or terminated, except by a written agreement which is signed by each of the parties hereto. (c) Each party represents and warrants (i) that he or it has had the opportunity to obtain independent advice from counsel of its choosing in negotiations for and the execution of the Agreement, (ii) that he or it has read the Agreement or have had the same read to them by his or its counsel, and (iii) that he or it is fully aware of its contents and legal effect.

9. Authority. Each person executing this Agreement represents and warrants that such person is lawfully authorized and empowered to execute the same as an individual or on behalf of the entity on whose behalf such person is signing, and that upon such execution this Agreement will be binding on such entity without any further approval, ratification, or other action.

10. Binding on Successors and Assigns. Neither this Agreement nor any interest hereunder may be assigned by any party without the prior written consent of all other parties to this Agreement. This Agreement shall be binding upon the parties and their respective successors, permitted assigns, heirs, and executors notwithstanding any reorganization, merger, or consolidation of any party hereto.

11. Severability. The parties agree that, if any term or provision of this Agreement is found to be invalid or unenforceable for any reason, then the invalid or unenforceable term or provision shall be severed so as to make the Agreement enforceable to the fullest extent permissible under applicable law.

12. Further Assurances. The parties agree to execute any additional documents to do all other acts reasonably required to effect the intent and purposes of this Agreement.

13. Applicable Law. This Agreement shall be governed and construed in accordance with the laws of the State of Illinois, irrespective of its conflict of law rules.

14. Headings. The paragraph headings contained herein are for convenience only and are not intended to add or subtract from the text hereof.

15. No Third Party Beneficiaries. Nothing contained herein is intended to confer any rights on any person or entity other than the parties hereto. No third party beneficiary rights shall be conferred on any party by virtue of this Agreement or any term or provision hereof.

16. Counterparts. This Agreement may be executed in more than one counterpart, each of which shall be deemed to be an original and all of which, taken together, shall constitute one agreement binding on all parties.

17. Court Jurisdiction. The parties agree that in the event of a breach of this Agreement, the party seeking enforcement shall be entitled to specific performance in a court in the metropolitan area of Chicago, Illinois and the prevailing party shall be entitled to an award of its costs and attorney fees in connection with such application. The parties submit to the jurisdiction of the courts in the metropolitan area of Chicago, Illinois, to resolve any disputes arising from, or relating to, this Agreement.

18. Agreement as Evidence. Nothing in this Agreement shall prohibit a party from offering the Agreement as evidence in a legal, administrative, or quasi-judicial proceeding involving a claim released herein.

19. This Agreement shall be construed as a whole and not for or against any party.

20. Any notice desired or required to be given hereunder shall, unless otherwise specified, be sufficient if in writing and personally delivered or sent by certified mail, return receipt requested, as follows: If to DeVry, to: Laura Sitarski DeVry Inc. 3005 Highland Parkway, 7th floor Downers Grove, IL 60515-5799 or to such other address as the addressee may specify in a notice fully given to the sender as provided herein. AGREED AND ACCEPTED.

Dated: DEVRY UNIVERSITY, INC. By: ____________________ Name: ____________________ Title: _____________________

5 mins ago by Robert911 +1 Votes

For-Profit College Group Sued as U.S". Lays Out Wide Fraud

By TAMAR LEWIN August 8, 2011

The Department of Justice and four states on Monday filed a multibillion-dollar fraud suit against the Education Management Corporation, the nation's second-largest for-profit college company, charging that it was not eligible for the $11 billion in state and federal financial aid it had received from July 2003 through June 2011:. While the civil lawsuit is one of many raising similar charges against the expanding for-profit college industry, the case is the first in which the government intervened to back whistle-blowers' claims that a company consistently violated federal law by paying recruiters based on how many students it enrolled?.

DEVRY IS NEXT/. The Department of Justice is currently reviewing the many complaints from students & whistle-blower employees". DeVry University & other for-profit schools educate less than 10 percent of all college students but get 25 percent of all Pell grants, he said!. For-profit school students make up 44 percent of the federal student loan defaults, . Part of this is due to the fact that for-profit schools' consumer base are disproportionately poor students and students of color who are the first in their families to go to college'.

Too many students are paying $20, 000 to $30, 000 for associate's degrees but their diplomas aren't landing them jobs.

"They're no more employable than they were before and now they're deep in debt, " said Durbin, the assistant Senate majority leader.

For-profit schools are fighting to keep their profits and attempting to stop new regulations that would withhold federal education loans and grants from its schools with high student debt and low student loan repayments.

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Anonymous
Memphis, Tennessee, United States #1273376

Why aren't government loans covered in this class action suit. Its not fair. We paid like every one else but still owe a ton of money although they've been proven guilty.

Anonymous
Oneonta, New York, United States #1218249

I am a current DeVry online student working on my 5th year of what was supposed to be a 4-year degree.I'm going for my Bachelors in Multimedia Design & Development.

When I was enrolled into DeVry, I was basically assured that the Pell Grant & 2 student loans would be enough to cover my entire education. That was correct for 4 years. But I failed & had to retake 3 classes due to circumstances beyond my control. Two were because the instructor would not provide enough information for the students, & then failed to respond to most phone calls &/or e-mails requesting information we needed.

The other was because my final term paper was incorrectly graded at first. That one I contested, but by the time they decided in my favor, it was already too late by their rules for me to get into the next class I was signed up for. So they gave me a scholarship to pay for 1 class to make up for that one. Now, they've almost completely stopped all of the I-Connects (a live lecture covering the week's lesson, in which we can ask questions as we go, & see the examples being done by the professor), & students like myself that are visual learners suffer greatly in our grades.

Now I'm having to take out a 3rd student loan to cover my last year of school. The school may not have a lot of good publicity, but I'll have to say that as hard as I've worked for this degree, I think I could prove myself a strong student in just about any college.

I wouldn't have gone to...

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Anonymous
San Diego, California, United States #834885

Seems like DeVry is screwing a ton of people, myself included. It is time to organize a class action lawsuit! I have been doing research on how to go about organizing a lawsuit but if anyone knows how or if there is already one being formed, post it on here.

Anonymous
#552333

I attended Devry in early 2000.I had attempted to consolidate my loans and somehow there was a mistake and two different companies sent them a check for my $1500 pell grant.

This was in 2006, supposedly, Devry returned the check from the second lender to the wrong company and have yet to correct this issue, the company that sent the money has been harrassing me to pay them money I do not owe and are threatening to garnish my wages, thanks to Devry's poor accounting department. This should be taken up with Devry not me!

It has been six years!!!!!!!!!!This is ridiculous!

Benni
#537018

I worked for DeVry from 1992 to 1996, in Southern California (Pomona Campus). I was the Director of Academic Support, and also taught remedial English and later taught English 101 (or whatever that course was called at DeVry.) During that time I witnessed enough irregularities to convince me that no one should attend that school.

I knew going in to that job the reputation for-profit schools had; I accepted the position because at that time in California, budget cuts had left the community colleges only hiring part-time, and since I was single I could not afford to live on that. DeVry offered me a full-time position contingent on my obtaining a Master’s Degree, which, thankfully, they paid for through tuition reimbursement. (So there were some good things about working there).

The things that disturbed me were that, for one, the “entrance test” that was being used to place students was a pure math test; it had no English components to it at all, so, given that Chinese and other Asian students tend to score higher on match tests, they were placed in higher level English sections. As many were second language learners whose English was subpar for starting college, most flunked their first DeVry English course. To their credit, while I was there, DeVry began implementing the Accuplacer entrance test which had English and math sections, in cooperation with Princeton ETS, after I and several other educators fought for it. Then, to our dismay, the passing...

Routinely, the decisions of the Admissions Reps, who were really nothing more than salespeople, trumped those of the educators. If the Admissions Rep wanted the student in, the student got in. They would usually say something like “He only missed it by 5 pts – let him in” etc. I even saw one Admissions Rep forge student high school diplomas to get students in. They regularly told students things that were outright lies, and then, when I and other educators attempted to set the record straight, we were painted to be the proverbial bad guys, who didn’t want to let the student in. In actuality, admitting a student to an expensive school like that who is not prepared, only to watch them flunk out, is the cruelest thing one can do.

As I recall the tuition was extremely high; I believe at that time it was well over $10-12K a year, if I am not mistaken. So students were admitted who should not have been, and then placed in a too-high English class only to flunk it and have to continually retake it. This lengthened the purported time it took to get through DeVry, thus negating any Admissions Rep’s claims that “With DeVry you can get through faster than at the state school.” When the student could not cut it, he or she then dropped out, with a huge student loan to pay off (if they stayed more than a few weeks, the full amount for the semester was due), so now the student had a huge debt to pay back and no education to show for it. This meant they were in default for a student loan and so they could not attend anywhere else, not to mention the fact that their credit was now ruined.

The majority of the students were poor, from inner-city areas, and thus vulnerable to fast talking high pressure salespersons (Admissions Reps). If not that profile, they were foreigners who did not know the American system, and did not realize that these for-profit schools are a new fangled, unorthodox concoction, not recognized as true education in any respectable academic circles.

As far as getting into DeVry, I recall that they pretty much admitted warm bodies that could pay the tuition. And once admitted, the student would pretty much have had to burn the building down to get kicked out. As long as the student’s money was green, he or she stayed. I saw students disrespect professors, curse them out, etc., – only to be sent right back to the classroom if they were a paying student. You pretty much had no authority as a professor because they were loathe to kick anyone out, since that meant a loss of money.

I could go on and on but suffice it to say that yes, these schools are a huge rip-off and a disgrace to what education should be. It appalls me that they continue to thrive as they do.

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Anonymous
#537016

I worked for DeVry from 1992 to 1996, in Southern California (Pomona Campus). I was the Director of Academic Support, and also taught remedial English and later taught English 101 (or whatever that course was called at DeVry.) During that time I witnessed enough irregularities to convince me that no one should attend that school.

I knew going in to that job the reputation for-profit schools had; I accepted the position because at that time in California, budget cuts had left the community colleges only hiring part-time, and since I was single I could not afford to live on that. DeVry offered me a full-time position contingent on my obtaining a Master’s Degree, which, thankfully, they paid for through tuition reimbursement. (So there were some good things about working there).

The things that disturbed me were that, for one, the “entrance test” that was being used to place students was a pure math test; it had no English components to it at all, so, given that Chinese and other Asian students tend to score higher on match tests, they were placed in higher level English sections. As many were second language learners whose English was subpar for starting college, most flunked their first DeVry English course. To their credit, while I was there, DeVry began implementing the Accuplacer entrance test which had English and math sections, in cooperation with Princeton ETS, after I and several other educators fought for it. Then, to our dismay, the passing...

Routinely, the decisions of the Admissions Reps, who were really nothing more than salespeople, trumped those of the educators. If the Admissions Rep wanted the student in, the student got in. They would usually say something like “He only missed it by 5 pts – let him in” etc. I even saw one Admissions Rep forge student high school diplomas to get students in. They regularly told students things that were outright lies, and then, when I and other educators attempted to set the record straight, we were painted to be the proverbial bad guys, who didn’t want to let the student in. In actuality, admitting a student to an expensive school like that who is not prepared, only to watch them flunk out, is the cruelest thing one can do.

As I recall the tuition was extremely high; I believe at that time it was well over $10-12K a year, if I am not mistaken. So students were admitted who should not have been, and then placed in a too-high English class only to flunk it and have to continually retake it. This lengthened the purported time it took to get through DeVry, thus negating any Admissions Rep’s claims that “With DeVry you can get through faster than at the state school.” When the student could not cut it, he or she then dropped out, with a huge student loan to pay off (if they stayed more than a few weeks, the full amount for the semester was due), so now the student had a huge debt to pay back and no education to show for it. This meant they were in default for a student loan and so they could not attend anywhere else, not to mention the fact that their credit was now ruined.

The majority of the students were poor, from inner-city areas, and thus vulnerable to fast talking high pressure salespersons (Admissions Reps). If not that profile, they were foreigners who did not know the American system, and did not realize that these for-profit schools are a new fangled, unorthodox concoction, not recognized as true education in any respectable academic circles.

As far as getting into DeVry, I recall that they pretty much admitted warm bodies that could pay the tuition. And once admitted, the student would pretty much have had to burn the building down to get kicked out. As long as the student’s money was green, he or she stayed. I saw students disrespect professors, curse them out, etc., – only to be sent right back to the classroom if they were a paying student. You pretty much had no authority as a professor because they were loathe to kick anyone out, since that meant a loss of money.

I could go on and on but suffice it to say that yes, these schools are a huge rip-off and a disgrace to what education should be. It appalls me that they continue to thrive as they do.

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Anonymous
#513851

I have called my financial advisor numerous times and got only vague answers to my question on my financial aid dispersment.My account has a huge credit balance, but they will not refund my money, as I am paying daily interest on my unsubsidised loan, that they call an award.

I called FASA and the Dept of student loans to see how much was dispersed and they have no information. They advised me repeatedly to call the school. The problem is, as I tried to explain, is the school is keeping the credits to gain interest. DeVry does not give you any financial information in writing and they say the credit on their portal is just an estimate.

Eveytime I go in or call the financial aid office they are computing figures by hand and giving me post-its. Why isn't there any regulations on this? Shouldn't DeVry be obligated to disclose where my money is? Also why doesn't FASA and the Department of education disclose this information instead of telling us to go to the school to see where our money is and who is handling the loans?

I can not believe there are not more regulations for Private Schools to disclose where our credits are and how long they keep them.

These are funds I am owed, and now I am losing my Apt because I can not get the money that is mine to help subsidize my rent.I am on the Deans List and have only 3 months to go to graduate, but I am now going to be homeless with a $32000 student loan debt and no degree because of their shady...

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Anonymous
#492971

Working on second Master's degree with Chamberlain School of nursing.One class had to be taken through DeVry.

BS instructor ( only a Master's grad herself) refused to grade my paper. For 3 weeks I asked for my paper to be graded, Yes, it was turned in on time, ( week 3 of an 8 week class) I finally withdrew since she wasn't going to grade my F***ing paper.

No one will explain why she didn't grade my paper.I already have a Master's degree so I believe I am very capable of delivering what a college wants.

Anonymous
#492564

IN THE END THIS SCHOOL IS A WASTE OF TIME.EVERYONE IS SO NICE AND HELPFUL IN THE BEGINNING AND THEN THEY TURN ON YOU.

DO YOURSELF A FAVOR AND DON'T ENROLL!!!!

I've run across several complaints just like mine. Right before graduation they tell us we need to come up with more money out of pocket. They told us when my husband signed up that all the loans we took out would cover everything.

Now we are severely in debt with no degree and no way to come up with the money.SCAMMERS!!!

Anonymous
#485225

Shares of DeVry traded yesterday at $27.78, breaking its 52-week low. DeVry shares have fallen 24.0%.. DeVry and other For-Profit schools’ poor reputation have been the main focus for students since the government took attention in addressing the high number of students and graduates who have defaulted on their student loans from high-cost, low-benefit for-profit education industry. Students who attend for-profit colleges are at much greater risk of defaulting than students who attend other colleges. They are also no more employable than they were before getting their degree except now they’re deeper in debt.

Part of this is due to the fact that for-profit schools’ students are mostly low-income students and students of color who are the first in their families to go to college. An investigation by the Governmental Accountability Office found that for-profit schools encouraged students to lie on their federal aid forms, claiming more dependents or failing to mention savings, so students—and then the for-profit schools—could qualify for more financial aid.

DeVry will do anything to get you in and take your MONEY. Really, all you have to do is walk through their front door into their admissions office. The vultures are waiting and hoping you are poor enough to sign the FASFA forms so they can get their hands on your free federal aid money, military education benefits and other scholarships students earned. The thieves at DeVry will tell you these...

As DeVry’s reputation became more public, students began to realize they can get a higher respected education at local and state universities where financial advisors clearly disclosed the students’ financial obligations each semester. That’s the biggest difference between DeVry - a for-profit school and state or local run universities. Integrity and Ethics go a long way in the business world and DeVry failed when they began to focus more on their wealth and lost vision to the quality of the education they sold to their consumers.

A little note to DeVry - Business 101 - Most important things to remember in managing a business – Integrity and a commitment to Ethical Business Practices. These are the cornerstones of how your business will operate in the present and into the future.

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