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DeVry Faces Inquiry From Federal Trade Commission

02/05/2014

The Chronicle of Higher Education, February 5, 2014. The Federal Trade Commission is seeking documents from DeVry Education Group Inc. relating to the for-profit provider of higher education’s “advertising, marketing, or sale of secondary or postsecondary educational products or services or educational accreditation products” during the last five years, the company said on Tuesday in a corporate filing with the U.S. Securities and Exchange Commission.

The company said the federal agency’s “compulsory request” was intended to determine “whether unnamed persons and/or entities have violated or are violating Section 5 of the Federal Trade Commission Act and, if so, to determine whether further FTC action would be in the public interest.”

The FTC has recently stepped up its scrutiny of for-profit colleges’ marketing practices. Last fall the agency warned military veterans about choosing to enroll at such institutions.

DeVry pledged to give the FTC its “full cooperation with a view toward demonstrating the compliant nature of its practices.”