Wednesday, August 21, 2013
NY Attorney General Secures $10.25 million settlement with Career Education Corp.
New York's attorney general has entered into a $10.25 million settlement with one of the nation's largest for-profit school corporations after a two-year investigation into allegations of inflated job placement statistics and other misconduct relating to enrolling students. Attorney General Eric T. Schneiderman announced that the settlement with Illinois-based Career Education Corporation "resolves an investigation that revealed that in disclosures made to students, accreditors, and New York State, CEC significantly inflated its graduates’ job placement rates. CEC will pay $9.25 million in restitution to students, a $1 million penalty, and has agreed to substantial changes in how the company calculates and verifies placement rates." According to the attorney general's office, its investigation revealed that CEC inflated job placement statistics from at least 2009 through the spring of 2011." CEC operates schools that enroll about 75,000 students nationwide, including the Sanford-Brown Institute, American InterContinental University, and Colorado Technical University.
Subscribe to:
Post Comments (Atom)
Still think it is to bad that anyone that made complaints to the NYSAG before those dates and up to those dates, were left out or given a run around with all the Red Tape. Six others and myself made complaints of/with all the same reasoning and issues, but were not even considered in this case. So anyone that complained prior to this case got the shaft in the end.
ReplyDeleteGraduated from Sanford Brown institute in may 2010 Pharm tech..no job devoloper no assistance after graduating at all i never went back thousands of dollars wasted cause im not a pharm tech i even tried to go bac to a different school..more student loans smh..everything fell apart after i graduated...i use to be enrolled in C.T.I theu closed before i could finish my course..just vanished..luckily i was able to clear that debt off my credit...smh
ReplyDeleteBut this is great..Restitution!