DeVry Education Group's Response to Recent Regulatory Actions

The Federal Trade Commission (FTC) previously sued DeVry University and its parent organization, DeVry Education Group, regarding the use of employment statistics and PayScale data in some of DeVry University's marketing efforts. DeVry Group and DeVry University have agreed to settle the matter with the FTC and anticipate the settlement will be entered as an agreed order. DeVry Group and DeVry University chose to settle this action after filing an answer denying all allegations of wrongdoing. Student services and access to federal student loans are not impacted by the settlement, and at no time has the academic quality of a DeVry University education been questioned. DeVry Group is pleased this matter is reaching resolution, particularly as its institutions implement recently announced student commitments and as we continue our focus on investments that directly support our students' success.

The Department of Education ("the Department") previously initiated an administrative action related more narrowly to a single advertising claim regarding DeVry University's historical graduate employment rate based on the unavailability of by-graduate records for the period 1975 to 1980. DeVry University has reached an agreement with the U.S. Department of Education regarding this administrative action, known as a "Notice of Intent to Limit," and continues to cooperate with the Department to resolve any additional issues.

The Department of Veterans Affairs (VA) also changed DeVry University's status in the Principles of Excellence program.

For those of you interested in learning more about these actions, please find links to the relevant press releases below: