Adtalem Global Education Inc.
ATGE
Consumer Staples
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
DeVry University, then owned by Adtalem Global Education, systematically misrepresented graduate employment outcomes to recruit students. The FTC found DeVry falsely claimed 90% of graduates seeking employment landed jobs in their field within six months and that bachelor's graduates earned 15% more than peers from other universities. In December 2016, DeVry agreed to a $100 million FTC settlement, comprising $49.4 million in cash refunds to harmed students and $50.6 million in debt relief. The U.S. Department of Education subsequently approved $415 million in borrower defense discharges covering approximately 19,000 DeVry claims in February 2022. The company rebranded from DeVry Education Group to Adtalem Global Education in 2017. ViolationTracker documents the pattern of consumer deception.
Research Sources
3 organizations
Related Exclusions
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