CHICAGO (WLS) --The ABC 7 I-Team reported last fall that the U.S. Department of Education was investigating Illinois-based DeVry University's marketing practices.
On Thursday, the department announced their settlement after finding the for-profit school made misleading claims of student job placement. DeVry has campuses countrywide, including nine in the Chicagoland area.
DeVry advertisements stated that 90 percent of its graduates were employed in their field of study within six months of graduation since 1975. The Department of Education found that the school couldn't provide evidence substantiating that claim. As a result, DeVry must stop their unsupported ads or risk losing admittance of students qualified for federal loans.
Senator Dick Durbin recently said he is hopeful DeVry is getting back on the right track.
"DeVry is the second largest for-profit college in U.S. It is a big institution. Recently, the CEO who was paid millions per year stepped down. The new CEO has come to meet with me. She has promised there will be a new day at DeVry. We'll see," Durbin said.
The Federal Trade Commission is currently suing DeVry over their claims of student success in their advertisements.