The FTC is sending payments totaling nearly $50 million to over 147,000 students of a for-profit school. These payments are part of a larger settlement the FTC reached with the school to resolve allegations of false and deceptive advertisements.
In December 2019, the FTC filed a complaint against the school alleging that the school had used deceptive advertisements that falsely represented relationships and job opportunities with certain companies. To resolve those allegations, the school agreed to pay $50 million in consumer restitution, and cancel approximately $141 million in student debt owed directly to the school. The settlement was the largest settlement the FTC had obtained against a for-profit school.
WBK’s previous coverage of the settlement is available here.