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Colorado Settles Lawsuit Against Westwood College

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Westwood College (credit: CBS)

Westwood College (credit: CBS)

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DENVER (AP) — Westwood College has agreed to pay $4.5 million to settle a lawsuit the state of Colorado filed alleging the school misled prospective students about its costs and how successful alumni are in finding jobs in their fields of study.

The settlement Wednesday shows the college agreed to pay $2 million to Colorado. It also agreed to pay $2.5 million in restitution to students who financed their tuition with the school’s APEX financing and to reimburse APEX finance charges.

The college hasn’t admitted to any of the claims.

The settlement requires Westwood to take actions including telling prospective students that credits earned probably won’t transfer to other schools.

Westwood says it had already made many of the changes Colorado sought.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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