Keiser University has agreed to offer thousands of former students free retraining and has pledged that its admissions counselors and marketing materials will not misrepresent offerings, under an agreement with Florida's attorney general that was announced Wednesday, The South Florida Sun-Sentinel reported. For the last two years, Florida officials have been investigating the recruiting and marketing practices of for-profit colleges. Keiser was for-profit when the investigation started but has since become a nonprofit entity. Keiser has denied any wrongdoing and the agreement does not include any admission that the university did anything wrong.
Among the pledges made by Keiser in the agreement are that it will not advertise its programs as "fully accredited," that it will not say programs have "limited availability" unless that is true, and that federal student loans will not be described as if they have no cost to students. Further, Keiser must "clearly and conspicuously disclose" that credits may not be transferable to other colleges.