‘A Rip-Off’: Students Secure a Final Settlement Against Walden University

Published On Oct 17, 2024, 4:07 PM

Walden University has agreed to a $28.5 million settlement in a class-action lawsuit from students who claimed misleading advertising practices regarding the timeline and costs of their degree programs. The lawsuit alleged that the university's enrollment advisers provided false information on completion times and total costs for doctoral programs. This settlement marks a significant shift in how such practices in for-profit education may be prosecuted.

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This settlement could lead to increased scrutiny and regulatory oversight of for-profit educational institutions, potentially impacting their enrollment figures and reputation negatively. Investors should watch how Walden's parent company, Adtalem Global Education (ATGE), responds and adapts to these changes.

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