Career Education Corp. Settles With States, Forgives Student Debt

By Paul Fain. Career Education Corp. on Thursday announced that it had settled with attorneys general from 48 states and Washington, D.C., over a five-year investigation. The AGs had been probing "unfair and deceptive practices," including allegations about the for-profit college company "misleading prospective students about actual costs, the transferability of credits, accreditation, program offerings and accurate job placement rates." More...