Congresswoman Waters Applauds FTC Investigation of DeVry University
Washington, D.C., -Today, Congresswoman Maxine Waters (CA-43) issued a statement on the Federal Trade Commission’s announcement to sue for-profit college operator DeVry Education Group. DeVry is the latest in a long line of for-profit colleges who are finally being held accountable for fraudulent practices that have come to light. Similarly to Corinthian Colleges Inc., one of the largest for-profit colleges which closed in May 2015, DeVry Education Group’s main institution—DeVry University-- is accused of deceiving thousands of students with false claims about employment prospects. Waters released the following statement:
“The FTC has found that since at least 2008 DeVry University nationally advertised false claims that 90% of its students actively seeking employment after graduation found positions in their fields of choice within six months, but in reality the number of employed DeVry graduates was significantly less. Not only were the school’s promises untrue, but they convinced as many as 300,000 students to enroll in programs that would only saddle them with unmanageable debt loads and lead them through fruitless job hunts with worthless degrees.
It is unacceptable that DeVry University has received over 5 billion dollars in federal aid to enroll prospective students; many of whom are servicemembers, veterans and low-income individuals. For over a year now, almost every month we hear about another for-profit college that is under investigation or under scrutiny for its fraudulent conduct. Taxpayer dollars should not be bankrolling institutions that abuse and defraud students. It is imperative that we implement procedures and policies that hold all for profits accountable to ensure that they provide our students with a quality education that leads to a fulfilling and productive career. We cannot continue to wait until fraud has occurred, tax dollars have been spent and precious students’ time has been wasted to act. I will continue to fight as I have for my entire career to curb the rampant scam so many for-profit universities have been guilty of propagating.”
Since her time as a California Assemblywoman, Congresswoman Waters has fought to hold predatory for-profit colleges accountable to students and taxpayers, most notably when she introduced the Maxine Waters School Reform and Student Protection Act which set a threshold for minimum job placement and graduation rates. Since that time, Congresswoman Waters has introduced several piece of legislation to prevent the next Corinthian including: the CLASS Act, the Students Before Profits Act, and the Ensuring Quality Education for Veterans Act. She also was the first member of Congress to endorse the Corinthian 100, a group of former Corinthian students who initiated a debt strike in opposition to Corinthian Colleges’ fraudulent practices.