The $50 million is part of a larger $191 million lawsuit settlement the FTC announced more than a year ago. In the settlement, University of Phoenix then-parent company Apollo Education Group agreed to use $141 million in forgiving student loans.
Who qualifies for University of Phoenix settlement?
The money is going to students who: first enrolled in a masters, bachelors, or associates degree program between October 15, 2012, and December 31, 2016; paid more than $5,000 with cash, grants, federal and private student loans, or military benefits; didn’t get debt cancellation as part of this settlement; and.
Will my University of Phoenix loans be forgiven?
The really good news is that if your application is approved, your entire University of Phoenix loan will be forgiven, and you may even qualify for a refund for any amount of money that you have already paid to the school or their parent company, the Apollo Education Group.
Do employers take University of Phoenix seriously?
Originally Answered: Is a degree from the university of Phoenix taken seriously by employers? Yes. UP is fully accredited and their degrees command respect by prospective employers. Most also recognize that non-traditional students from institutions like UP are typically more motivated than traditional graduates.
Why did I get a check from University of Phoenix?
The money comes from the University’s 2019 settlement with the FTC, when the FTC charged the school with using deceptive ads to attract students. … These payments are going to students who did not already get their debt cancelled by the University of Phoenix as part of the settlement.
Will I get money from University of Phoenix settlement?
In the settlement, University of Phoenix then-parent company Apollo Education Group agreed to use $141 million in forgiving student loans. The remaining $50 million went directly to the FTC, and the commission is now passing that money to students.
Will University of Phoenix Cancelling student loan debt?
Students who attended the University of Phoenix, one of the nation’s largest for-profit college, will get the following as part of a settlement with the U.S. Federal Trade Commission (FTC): $50 million in direct payments to students; and. $141 million in cancelled unpaid balances owed to the school.
Is University of Phoenix legit?
Is the University of Phoenix accredited? Yes, the University of Phoenix is accredited through the Higher Learning Commission. This is the same accrediting body that oversees brick-and-mortar schools within a 19-state region. The current accreditation is good through the 2021-2022 academic year.
Can I sue University of Phoenix?
Your University Of Phoenix Contract probably says you can’t sue University Of Phoenix in any court except Small Claims Court, thanks to an arbitration clause. It can be complicated and time consuming, but suing University Of Phoenix in small claims court usually gets you what you want.
Is a degree from Phoenix University respected?
The University of Phoenix is a legitimate school because it has regional accreditation, which is considered more prestigious and recognized than the national kind. … It is unlikely for them to be successful if the school where they earned their degrees is not legitimate.
Are University of Phoenix degrees worth anything?
The University of Phoenix is a fully accredited university by the Higher Learning Commission. Therefore their degree has the same value as any a degree from any other university.
Are online college degrees taken seriously?
Online Degree Myth #2: Your degree won’t be taken seriously by prospective employers. … A recent survey of members of the Society for Human Resource Management (SHRM) indicated that 79% of those surveyed had, within the previous 12 months, hired a candidate with an online degree.