extracting millions of dollars in extra tuition payments, agreed to a $28.5 million settlement announced Thursday.
Walden is the latest for-profit college to face repercussions over allegedly misleading students about costs. Other for-profit schools have faced action from the federal government over accusations of deception, including Ashford University and DeVry. In the proposed settlement, which requires court approval, Walden also agreed to disclose cost and completion time on its website and restructure its dissertation committees. An estimated 3,000 students would be eligible to request compensation under the settlement, said Tara Ramchandani, a lawyer for the plaintiffs.
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