Career Education Corp. reaches $10 million settlement with N.Y. State
- New York Attorney General Eric T. Schneiderman on Monday announced a settlement with Career Education Corporation that will see the for-profit education company pay more than $10 million.
- The settlement will bring an end to the State of New York's investigation of the company's misrepresentation of data on graduate job placements, as well as its adoption of a new set of guidelines for reporting the statistics.
- The company must also hire an outside company for three years to verify the data recorded by its employees
From the article:
... Under the settlement, Career Education will pay $9.25-million in restitution to students and a $1-million penalty. ...
... Yet scrutiny of the company is hardly over. As it reported to investors this month, it remains under investigation by attorneys general in Florida, Illinois, and Massachusetts, and is facing several lawsuits filed by former students.
- The Chronicle of Higher Education Read More
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