Alright, people listen up. If you in the past 8 years have gone to the University of Phoenix -- chances are this probably applies to you. Last night, it was confirmed that the University had reached a settlement to the tune of $191m with the FTC.
That settlement comes quite a bit of time after the University was sued by the FTC for misrepresenting itself; its relationship with companies and job prospects with said major companies. As a result of that settlement, the University has agreed to cancel all debt for eligible students who fall into a period of certain enrollment.
After seeing that confirmed on the news last night, I immediately did a bit of digging because I attended that school during the time period mentioned in the original news stories.
Here's also some pertinen...