Nearly 180,000 former students at for-profit schools run by Career Education will not have to repay $494 million they owed to the company, a group of 49 state attorneys general announced Thursday. The agreement to wipe out the debt held directly by Career Education, such as unpaid tuition, ended a five-year multistate investigation into complaints that the company used predatory and deceptive recruiting tactics. Career Education misled students about the cost of its programs and its graduates’ job prospects, said Tom Miller, the attorney general of Iowa, whose office helped lead the states’ investigation. In some cases, Career Education charged students for vocational programs that lacked the accreditation needed for them to obtain a license and work in their field, according to the settlement documents. Career Education, based in Schaumburg, Ill., denied any wrongdoing.

Source: New York Times January 03, 2019 23:48 UTC