Daymar College has agreed to pay a $1.2 million settlement to former students who sued the Kentucky, for-profit company for false job placement claims and fraud, according to The Louisville Courier-Journal.
The settlement requires Daymar to pay $1.4 million to Kentucky Attorney General Jack Conway's office. Students who attended the college in the five years ending July 27, 2011, would split the rest, while Conway's office will keep $200,000 to cover attorney's fees and to pay a claims administrator. The lawsuit had 413 private plaintiffs.
In 2011, Conway charged the college with overcharging students for textbooks, misleading them about financial aid and failing to provide accurate information about the ability to transfer credit.
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