Daymar College, the for-profit Kentucky company accused in multiple lawsuits of duping students into enrolling through bogus claims about job placement and transferring credits, has agreed to pay $1.2 million to ex-students, according to a copy of the tentative deal.
But the proposed settlement would provide only a small portion of the $30,000 or more in federal loans many students incurred before at least some of them ended up working in fast-food restaurants and other low-wage jobs.
The proposed deal and consent decree with the Kentucky attorney general’s office is confidential and plaintiffs who disclose it can be denied benefits, but The Courier-Journal obtained a copy and confirmed the terms.
The agreement calls for Daymar, which once had nine campuses in Kentucky but now has four, to pay $1.4 million to Kentucky Attorney General Jack Conway’s office, which would keep $200,000 in attorney’s fees and money to pay a claims administrator.
Read more at The Courier-Journal: https://www.courier-journal.com/story/news/education/2015/09/04/daymar-settle-ex-students-ky-ag/71705304/
share