The Education Department will cancel federal student loans for at least 1,800 students who attended DeVry University, once one of the nation’s largest for-profit college chains, because it fraudulently lured in applicants for years with vastly inflated claims about their career prospects, according to the New York Times. The department has stepped up its discharges of debts for students who were victimized by their schools, and this decision is its first approval of fraud claims involving a school that is still operating. These claims are just the beginning, according to officials. They are encouraging other students who attended DeVry during the time it was making its false promises to apply for relief. Despite DeVry’s advertisements claiming that 90 percent of its graduates found work in their field of study within six months, only 58 percent did in reality. Department officials said that school officials knew of the discrepancy and ignored complaints from alumni. Up until this point, the department had only taken action against schools that had already closed down.
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