One of the nation's largest for-profit college chains, DeVry has long advertised that 90 percent of its alumni since 1975 found employment in their fields of study within six months of graduation. The claim has been featured in advertisements online, in magazines and over the radio since at least 2008.
But in a settlement with the
"Students deserve accurate information about where to invest their time and money, and the law is simple and clear: Recruitment claims must be backed up by hard data," Education Secretary
DeVry officials said they provided supporting evidence from 1980 onward, but that they didn't have detailed enough data from 1975 to 1980. In a statement provided by DeVry spokesman
The settlement requires DeVry to provide a
DeVry still faces a separate lawsuit filed by the
It's also one of many for-profit colleges facing increased pressure from the federal government. The administration of President
It followed the closure of the Corinthian Colleges chain, which agreed to sell or close more than 90 U.S. colleges in 2014 amid a fraud investigation over advertising practices.