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Monday, Aug 19
Career Education Corp. agrees to $10M settlement in NY probe
- Career Education (CECO) agrees to pay $9M to former students and another $1M in fees to settle charges it inflated job-placement rates, the New York AG's office says.
- CECO told prospective students that 55%-80% of students found jobs after completing programs, though only 24%-64% of students found real work, according to the settlement it signed.
- Other investigations are said to be ongoing at several for-profit schools.