Latest Breaking News

Eugene

(61,974 posts) Thu Jan 3, 2019, 06:03 PM Jan 2019

For-profit college owner agrees to end $500M in student debt

Source: Associated Press

By COLLIN BINKLEY
an hour ago

A for-profit college company has agreed to clear nearly $500 million in debt incurred by former students as part of a settlement with 48 states and Washington, D.C.

The Illinois-based Career Education Corporation announced the deal Thursday but denies any wrongdoing.

State attorneys general across the U.S. began investigating the company in 2014 following allegations that it misled prospective students to get them to enroll.

The company now enrolls about 34,000 students at its two chains, Colorado Technical University and American InterContinental University.

-snip-

Read more: https://apnews.com/0fa0c90c2c204745adf576d9ca82962f

4 replies

= new reply since forum marked as read

Highlight:

For-profit college owner agrees to end $500M in student debt (Original Post) Eugene Jan 2019 OP

Yeah, I've heard a LOT of stories about Colorado Tech Blue_Tires Jan 2019 #1

Should be ending their whole grifter scam, a.k.a. zero education for all your money cp Jan 2019 #2

Never heard of them. LiberalFighter Jan 2019 #3

Actually counselors should be explaining to students which colleges are a rip-off groundloop Jan 2019 #4

Blue_Tires

(55,445 posts)

1. Yeah, I've heard a LOT of stories about Colorado Tech

Reply to Eugene (Original post)

Thu Jan 3, 2019, 06:07 PM

Jan 2019

none of them good

cp

(6,678 posts)

2. Should be ending their whole grifter scam, a.k.a. zero education for all your money

Reply to Eugene (Original post)

Thu Jan 3, 2019, 06:57 PM

Jan 2019

LiberalFighter

(51,388 posts)

3. Never heard of them.

Reply to Eugene (Original post)

Thu Jan 3, 2019, 07:10 PM

Jan 2019

I wonder if high school counselors provide info to potential college students. I hope not.

groundloop

(11,537 posts)

4. Actually counselors should be explaining to students which colleges are a rip-off

Reply to LiberalFighter (Reply #3)

Thu Jan 3, 2019, 07:19 PM

Jan 2019

Although some still won't listen to counselors or parents (ask me how I know.... my step son is deeply in debt for a worthless degree at a for-profit school despite being warned).

Reply to this discussion