The FTC says don’t pay for loan forgiveness if you attended DeVry University

Source: Did you attend DeVry? Don’t pay for loan forgiveness | Consumer Information

Are you a former student of DeVry University — or of any other college — who’s heard from a company that’s promising to get your loans forgiven after you pay them a fee?

We have an important piece of advice: don’t do it. It’s never a good idea to pay an up-front fee for the promise of debt relief. Once you pay, you might not get anything in return. And you might be paying for something you can do yourself for free.

The FTC has been hearing about pitches like these after recently filing a complaint in federal court against DeVry, one of the largest educational services companies in the nation, for misrepresenting the prospects of their graduates to get well-paid jobs in their fields.