The University of Phoenix, one of the nation’s largest for-profit colleges, and its parent company, Apollo Education Group, have agreed to cancel $141 million in debts owed to the school by students and pay $50 million to the Federal Trade Commission as part of the settlement.
The “fantasy job opportunities” that Smith references are part of the FTC’s allegations against University of Phoenix. The FTCthat University of Phoenix used advertising from 2012 to 2014 to target primarily military and Hispanic consumers. The company’s advertisements featured employers including Microsoft, Twitter, Adobe and Yahoo!, which the FTC argued gave a false impression that University of Phoenix partnered with these companies to create jobs for University of Phoenix students.
“The University continues to believe it has acted appropriately and has admitted no wrongdoing,” the university said. “This settlement agreement will enable the University to maintain focus on its core mission of improving the lives of students through career-relevant higher education, and to avoid any further distraction from serving students that could have resulted from protracted litigation, as well as the time and expense of the litigation itself.
Ok, that means, a boy can have two girlfriends?
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