HARTFORD, Conn. (WTIC) - Over 1,400 students in Connecticut will see debt relief following a settlement between states and a for-profit education company based in Illinois.
According to State Attorney General George Jepsen, Career Education Corporation must pay out nearly $494 million after it was found guilty of using questionable tactics on students who, in the end, earned degrees that were basically worthless.
"With pressure tactics and false and deceptive advertising, they would push students into signing up for programs that would that would leave them in debt, but with no marketable degree," he said.
Jepsen and 49 other Attorneys General took C.E.C. to court, a case which resulted in the settlement. Jepsen said students in the state will see on average around $2,700 in relief.
In addition to the monetary settlement, C.E.C. will now be under the eye of an independent monitor to ensure compliance, including accuracy regarding information on accreditation, graduation, and placement rates.
