University of Phoenix Class Action Lawsuit Lastly, many of us are bothered by the thought that these for-profit corporations are earning billions of dollars from federal student-aid programs that are funded with tax dollars. Many folks agree that business owners should be liberal to do whatever they need with their profits. within the for-profit sector, this is often controversial because the profits are generated from tax payers. Taxpayers became conscious of the abysmal graduation rates in these schools and wonder why their money is being spent on schools where a majority of scholars drop-out without degrees or certificates.
Aren’t all private colleges for-profit? How are traditional private colleges, e.g., Colombia University, Georgetown University and ny University with much higher tuition any different?
Private means it’s not operated by the govt . This has nothing to try to to with being for-profit or not-for-profit. Not-for-profit colleges are expected to use all surplus/profits to accomplish the school’s mission. On the opposite hand, the owners of for-profit colleges can do whatever they need with their profits. Luckily, some for-profit school owners see their institutions as long-term investments and believe that reinvesting profits to rent the simplest employees and maintain state-of-the art facilities make them competitive.
So, if you are a former student of Phoenix university, you could be one of those suffering from the University of Phoenix class-action lawsuit. What is the University of Phoenix class action lawsuit? The university was sued due to violation of laws, which involves some severe accusations. The negative side of this problem is that this dreadful situation influences the students of the education center. However, do not worry as there is an option that the former students could benefit and get rid of paying back the loans. As you expect, it is the most crucial issue for the students whose financial situations do not allow to repay student loans.
What was the Issue Related to University of Phoenix Class-Action Lawsuit?
The University of Phoenix is one of the popular education centers. The problem with the University of Phoenix was that it misled the student with false statistics, based on the lawsuit claims. As a result, most people give credence to these statistics and choose the school to continue their education, making them the victims of false information. It was one of the essential accusations of the University of Phoenix class-action lawsuit and investigation. So, if you are one of those who faced this kind of heartbreaking problem, we advise you to follow our comprehensive information to return your payments and avoid additional student loan payments.