Career Education Corp. has agreed to a $10.25 million settlement with New York's attorney general, Eric T. Schneiderman. The for-profit chain, which owns Colorado Technical University and Sanford Brown, had been the subject of an inquiry by Schneiderman over allegedly inflating its graduates' job placement rates. The settlement includes $9.25 in restitution to former students and a $1 million penalty to the state, according to a news release from the attorney general's office. The company has also agreed to "substantial changes" in how it calculates job placement rates.
- Significant Victory for Students or Small Potatoes?
- Obama administration, states reach major settlements with Education Management Corporation
- Cuomo's Plans for Loan Fines
- Wisconsin considers tighter for-profit rules as campuses close in Milwaukee
- Ky. Attorney General Jack Conway battles for-profits
- Essay questions mandatory arbitration clauses for students in for-profit higher education
- Quick Takes: Columbia Will Use $15 Million to Diversify Faculty, U. of Calif. Garners Another Big Enron Settlement, Purdue Takes Back Honor for Earl Butz, Cerritos Coach Arrested
- Correction: Looking West
Search for Jobs