and earnings claims,” she said.

DeVry’s statement said the settlement won’t affect its access to federal student loans and that “at no time has the academic quality of a DeVry University education been questioned.”

Like many for-profit colleges, DeVry has struggled in recent years amid heightened government scrutiny. The chain has closed 39 campuses since 2014, leaving 60 as of September.

Some schools blame their woes on the Obama administration, which has sought to hold the industry accountable and crack down on schools accused of misconduct.

The industry’s troubles worsened Monday when Education Secretary John B. King Jr. upheld a decision to cut ties with the nation’s largest accreditor of for-profit colleges, a decision that could force some schools to close.

But some for-profit colleges see President-elect Donald Trump as a champion of the private sector who could spur a rebound for the industry. In the weeks after Trump’s election, shares in DeVry’s parent company surged 30 percent.