University Of Phoenix Agrees To FTC Settlement On Student Debt

The University of Phoenix settled with the FTC over deceptive advertising claims, agreeing to pay $50 million and cancel $141 million in student debt. The FTC alleged false advertising about job opportunities and curriculum partnerships with major companies. The university targeted specific demographics, including Hispanics and military personnel, to become the largest recipient of GI bill benefits. The university claims the ads were from previous ownership but maintains its actions were appropriate.

What was included in the University of Phoenix's settlement with the FTC?

• A $100 million cash payment and cancellation of $141 million in student debt

• A $100 million cash payment and cancellation of $200 million in student debt

• A $50 million cash payment and cancellation of $50 million in student debt

• A $50 million cash payment and cancellation of $141 million in student debt

Which companies were falsely advertised by the University of Phoenix as job opportunity partners?

• Netflix, Spotify, and LinkedIn

• Apple, IBM, and Oracle

• Google, Facebook, and Amazon

• Microsoft, Twitter, Adobe, and Yahoo

During which years did the FTC claim the University of Phoenix falsely advertised its curriculum development partnerships?

• 2012 to 2014

• 2014 to 2016

• 2016 to 2018

• 2010 to 2012

Which groups were specifically targeted by the University of Phoenix's advertising, according to the FTC?

• Hispanic population, Active Duty Service members, veterans, and military spouses

• Senior citizens and retirees

• International students and exchange students

• High school students and recent graduates

What was the University of Phoenix's response to the FTC's allegations?

• They admitted to the allegations and apologized.

• They claimed the advertisements were under former ownership but believed their actions were appropriate.

• They denied all allegations and refused to settle.

• They agreed to change their advertising practices immediately.