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The name Devry University is popping up in ways that aren’t being used to promote it as a viable education option. 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 government have been on the rise. Counsellors 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 have questions or comments, please chat in the comments below or on the ChallengeStudentDebt Twitter handle.
If you feel you were defrauded by the school you attended or you are being treated poorly as a distressed borrower by your creditors, take the free challenge debt review to find out what options you have regarding your student loans.