Temple is paying out over $5.5 million to settle the class action lawsuit over its misreported data to US News & World Report. About $4 million will go to students in its online MBA program and the remainder to students in its EMBA, Global MBA, Part-time MBA, MS in Human Resource Management, MS in Digital Innovation in Marketing and Online Bachelor of Business Administration programs. After the discovery that the data was misreported, US News moved Temple to its “unranked” categories.
It’s impossible to know if the students were adequately compensated as opportunity costs are very difficult to calculate and vary from individual to individual anyway. We simply hope this serves as a stark reminder to schools that misreporting data is serious and schools employ a safeguard such as an independent office to verify their reported information.