![]() In order to settle these claims, the University of Phoenix agreed to pay $ 50 million in cash to the Federal Trade Commission. Recent University of Phoenix Settlement Cases Had they known that the University had not partnered with these companies, and they would not be at an advantage to be hired by these employers, students may have chosen a different or less expensive education option. This false belief may have led students to choose to attend University of Phoenix, rather than a non-profit university. Students who saw University of Phoenix advertising may have been falsely persuaded that by choosing the for-profit university for their education, they may be offered jobs by these employers upon graduation. However, the school was not affiliated with any of those employers, and did not tailor its curriculum to the requirements of those fields. The FTC claims that the ads used by the University of Phoenix featuring these employers could give potential students the impression that the school had connections with these employers, or tailored its education to make its students specifically attractive to those companies. In the ads, a Phoenix student is seen driving past parking spots in a university parking lot that are marked with the logos of these companies. The ads ran from 2012 to 2014, and were part of the University’s “Let’s Get to Work” marketing campaign. The university may also have misrepresented its relationships with employers including Adobe, Avis, MGM, Newell Rubbermaid, and Sodexo. The university allegedly used misleading advertising campaigns that falsely gave potential students the impression that the school had partnered with companies including AT&T, Microsoft, Yahoo!, Twitter, and the American Red Cross in order to provide students with employment opportunities after graduation, according to the Federal Trade Commission’s case against the University of Phoenix. University of Phoenix Employment Promises At the time the largest settlement obtained from a lawsuit against a for-profit university, it resolved claims made by the FTC that the university had engaged in deceptive advertising strategies and made false claims about post-graduation job opportunities for students. LDS and PCL funds are used to replace portions of the student's existing loan package.In late 2019, the University of Phoenix was hit with a record-breaking $191 million lawsuit settlement by the U.S. The College of Medicine – Phoenix Financial Aid Office confirms applicant’s eligibility and determines the amount of funds students can borrow based on demonstrated student need and funds available. They aren’t eligible for income-driven repayment or Public Service Loan Forgiveness. However, LDS can be consolidated with other Direct Loans to qualify for these programs. The significant benefit of these loans is the 5 percent interest rate that does not accrue during school and approved deferment, which includes residency! Department of Health and Human Services, Health Resources and Services Administration - not the Department of Education.īecause of this, health professions loans differ from other federal loans in repayment. LDS and PCL are long-term, low interest rate loans available to full-time, financially needy students through the U.S. These student loan programs are intended to encourage greater participation of disadvantaged populations in the health professions and to increase the number of primary health care providers, respectively. Anti-Racist Transformation in Medical EducationĬollege of Medicine – Phoenix students are eligible to apply for two different loan programs available through HRSA - the Loans for Disadvantaged Students (LDS) and Primary Care Loan (PCL) programs.Office of Equity, Diversity and Inclusion. ![]()
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