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FTC reaches $191 million settlement with University of Phoenix in deceptive-ad probe

The University of Phoenix must pay the FTC $50 million, which will be used to compensate former students. It must also forgo collection of about $141 million in debts owed directly to the school by people who attended between 2012 and 2016.

In this Nov 24, 2009, file photo, a University of Phoenix billboard is shown in Chandler, Ariz. The University of Phoenix for-profit college and its parent company will pay $50 million and cancel $141 million in student debt to settle allegations of deceptive advertisement brought by the Federal Trade Commission.
In this Nov 24, 2009, file photo, a University of Phoenix billboard is shown in Chandler, Ariz. The University of Phoenix for-profit college and its parent company will pay $50 million and cancel $141 million in student debt to settle allegations of deceptive advertisement brought by the Federal Trade Commission.Read moreMatt York / AP
    by Danielle Douglas-Gabriel, Washington Post
    Published