- 10 Career Education schools came under fire by the Accrediting Commission of Career Schools and Colleges when asked to provide reasons for their accreditations not to be withdrawn.
- For-profit school chains like Career Education have seen low graduation rates and high student loan defaults.
- In response to low performance, Career Education schools have been met with increased investigation both inside and outside the company.
From the article:
Career Education Corp. shares tumbled to their lowest price in more than a decade on Wednesday, on worries that the for-profit vocational school chain might eventually lose accreditation for some of its schools.
THE SPARK: The Accrediting Commission of Career Schools and Colleges voted to direct 10 of the company's schools to show cause as to why their accreditations should not be withdrawn. ...