There are a lot of times that a Do It Yourself (DIY) approach is a good idea. After all, you can search YouTube and the rest of the Internet for a step-by-step guide to just about anything. Learning to do your own oil change for your car? Patching a hole in the drywall? Building a chicken coop? The Internet has you covered. In the process, you can take pride in your work and also save money. The same cannot be said of taking a DIY approach to a lawsuit.
During the end of President Obama's administration, the financial outlook was bleak for the for-profit college sector. This is because of increased regulation by the Department of Education, which was attempting to curb false advertising and predatory lending by for-profit colleges and student loan companies. In fact, massive companies like ITT and Corinthian College went out of business, while University of Phoenix went private due to the increased regulatory climate and dwindling enrollment numbers.
In January 2016, following a joint investigation with the Department of Education, the Federal Trade Commission (FTC) filed a Federal lawsuit in Los Angeles against DeVry University. In the lawsuit, the FTC alleged that DeVry engaged in deceptive advertising when it repeatedly claimed that 90% of its graduates found jobs within six months of graduation and that a degree from DeVry earned its graduates 15% more income than degrees from other colleges.
Did you know that 90% of DeVry University graduates find jobs within six months of graduation? Spoilers: This statistic is probably false. Unfortunately, you aren't alone if you believed this to be true. The reason you believe this is because DeVry spent $135 million per year in advertising between 2011 and 2014 to convince you.