Stoltmann Law Offices Encourages DeVry And Keller Victims To Consider All Legal Options

CHICAGO, May 26, 2020 /PRNewswire/ -- A tentative class action settlement was reached by DeVry University Inc. ("DeVry") and Keller Graduate School of Management ("Keller") and a purported class of former students related to two advertising claims made by the schools between 2008 and 2016.  The attorneys at Stoltmann Law Offices encourage Devry victims to carefully consider all of their legal options before deciding whether to remain in the class action, exclude themselves from it, or to object to it because it isn't fair or reasonable relative to the harm caused by DeVry. 

According to Chicago attorney Andrew Stoltmann: "Class action lawsuits many times lead to paltry settlements for those who have been cheated.  Many DeVry students are saddled with over of $100,000 in student loan debt for what Senator Dick Durbin has described as a 'worthless' degree.  Many are working 'McJobs' despite attending DeVry and incurring large sums of student loan debt.  Our review of the terms of the class action settlement is that over 323,000 class members will divide a net recovery pot of less than $29.2 million.  This means victims of DeVry's misleading advertising may receive less than $100 each.  In some instances, they can receive additional money but not enough to make a meaningful dent in the massive outstanding debt and this 'kicker' just means other members of the class will receive less."

According to Stoltmann, very specific, complicated steps must be taken by DeVry students in order to be excluded from this class action settlement and to avoid being saddled with this meager settlement.  "DeVry students need to demand in writing they be excluded from the class action settlement, otherwise they will be barred from suing individually to secure a meaningful settlement that could potentially wipe out their debt.  There are specific steps that must be taken by the former students in order to achieve this goal."

Stoltmann Law Offices is currently representing 523 former DeVry students who are saddled with onerous, life altering debt.  These claims are filed or being filed in individual arbitration claims for students of DeVry and Keller.  All of these cases are being handled on a contingency fee basis meaning there are no attorney fees owned unless we win.  Please call Stoltmann Law Offices at 312.332.4200 or visit www.StudentLoandebtSlave.com for more information about being excluded from the class action settlement or suing Devry. 

SOURCE Stoltmann Law Offices

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