- A corporate filing with the U.S. Securities and Exchange Commission reveals that for-profit education company DeVry Inc. is under investigation by the attorneys general of Illinois and Massachusetts.
- The Illinois investigation involves a subpoena issued as part of an inquiry into whether the company and its affiliates are complying with the federal Higher Education Act's incentive compensation ban, and the Massachusetts attorney general is looking into whether the company provided students in the state with false information about student loans, grants and guarantees.
- DeVry must provide Illinois with documents dating back to 2002, while Massachusetts is asking for documents dating back to 2007.
From the article:
The higher-education company DeVry Inc. is facing inquiries from the offices of the attorneys general of Illinois and Massachusetts, according to a corporate filing with the U.S. Securities and Exchange Commission. ...