December 12th, 2019
On December 10, 2019, the Federal Trade Commission (“FTC”) announced a settlement with the University of Phoenix and its parent company, Apollo Education Group (“AEG”), for $191 million dollars. This $191 million dollar settlement is the “largest settlement the FTC has ever obtained against a for-profit school.” This settlement is the culmination of a multi-year investigation undertaken by the FTC Bureau of Consumer Protection beginning in 2015.
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