For-Profit College to Pay Former Students More Than $1 Million

The for-profit Daymar College will pay out more than $1 million in response to students' allegations that the company deceived them by exaggerating its job placement statistics and their ability to transfer credits to other institutions, reports The Chronicle of Education.

The Kentucky attorney general, Jack Conway, began investigating the company in 2008 and sued it in 2011 alleging deceptive practices. The proposed settlement, obtained by a local newspaper, stated all but $200,000 of the $1.4 million amount will be distributed to former students.

 

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The Chronicle of Higher Education

http://chronicle.com/blogs/ticker/for-profit-college-will-pay-former-students-more-than-1-million/104239