“The check is in the mail.” You’ve heard it before, but this time, it’s true if you’re one of the 147,000 University of Phoenix students who will receive a scholarship Total payments exceeded $50 million This is the result of an enforcement action taken by the Federal Trade Commission against online schools.
In a 2019 lawsuit, the Federal Trade Commission accused the University of Phoenix of luring consumers with ads that falsely promoted job opportunities for students with national employers such as AT&T, Yahoo, Microsoft, Twitter and the American Red Cross. To resolve the case, the defendants agreed to pay $50 million in direct payments to some students and cancel an additional $141 million in balances owed directly to schools by eligible students. (Other debts — such as federal and private student loans or military benefits — are not affected by the settlement.)
Who received the 146,804 checks and 677 PayPal payments from the FTC? The money will be donated to the following students:
- Enrolled in a master’s, bachelor’s or associate’s degree program for the first time between October 15, 2012 and December 31, 2016;
- Payment of more than $5,000 through cash, grants, federal and private student loans, or military benefits;
- Not obtain debt cancellation as part of the settlement agreement; and
- There is no option to not have the University of Phoenix provide the student’s contact information to the FTC.
The person receiving the check should deposit or cash it within 90 days.By the way, the Federal Trade Commission no way Requiring people to make a payment or provide account information to get a refund or cash a refund check. People who receive a refund through PayPal will have 30 days to accept payment. (This FAQ Detailed information about the PayPal payment process. )
If you have questions about debt canceled by the school, please email UOPXFinance@phoenix.edu or call 1-800-333-5305. For questions regarding refunds, please call FTC Refund Administrator Rust Consulting at 1-877-310-0487.
Even if you are not a University of Phoenix student This may be true for someone in your company. Share this information with them to ensure they don’t miss their check in the mail.
