The DeVry Education Group will pay $2.75 million to settle allegations of “false advertising and deceptive practices” with the New York attorney general’s office, The Wall Street Journal reports.
Prosecutors said DeVry had stated falsely in marketing materials that 90 percent of its graduates looking for employment were able to find it within six months of graduating, not taking into account that many students were already employed before they enrolled or graduated, among other things.
“DeVry used misleading claims to lure in students who were simply seeking a college degree, greatly exaggerating job and salary prospects for graduates,” said the attorney general, Eric T. Schneiderman.
A spokesman for the for-profit-college chain told the Journal that the company was glad the investigation, which began in 2014, had been resolved, and said DeVry was continuing to “focus on investments that directly support our students’ success.” The company did not admit wrongdoing as part of the settlement.
In October, DeVry reached a settlement with the U.S. Department of Education, agreeing to stop advertising that 90 percent of graduates found employment in their fields. And in December the company agreed to pay $49.4 million to students and $50.6 million to forgive student debt in a settlement with the Federal Trade Commission.