Career Education Settles With NY AG Over Job Placement Accusations
Career College Central summary:
According to a report by the Wall Street Journal, Career Education has agreed to pay $9 million to about 5,000 former students who were residents of New York and took either online or in-person classes in the state, plus another $1 million in legal fees.
The brick-and-mortar schools owned by Career Education operate under the names Briarcliffe College and Sanford-Brown Institute. This is the first settlement obtained by New York Attorney General Eric Schneiderman, but Career Education is not the only for-profit school under investigation by his office.
Career Education was accused of disclosing inaccurate job placement rates from 2009 through 2011.
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THE CHICAGO BUSINESS JOURNAL