Nearly 180,000 Students Won’t Have To Repay Loans From For-Profit Higher Ed Company

American InterContinental University, a Career Education Corp. school, is seen in Los Angeles in 2004. CEC has entered into a half-billion dollar settlement with state attorneys general over recruitment practices.

Under a settlement with state attorneys general, Career Education Corp. won’t collect some $493 million. It also will be more transparent about the costs and benefits of its programs.

(Image credit: Jamie Rector/Bloomberg via Getty Images)

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