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New York

hrmjustin

(71,265 posts) Tue Aug 20, 2013, 02:19 PM Aug 2013

State AG: Company Inflated Grad Job Placement Rates, Will Pay Back Millions

NY1News

The state on Tuesday announced a deal with a for-profit education company that was accused of inflating the job placement rates of its graduates.

State Attorney General Eric Schneiderman says the Career Education Corporation has agreed to pay $10.25 million, mostly as restitution to its students.

An investigation by Schneiderman's office found the company -- which operates seven colleges in New York -- inflated annual job placement rates for its New York schools by as much as 20 to 30 percent.

It also showed that some programs didn't tell students they lacked proper accreditation.

http://www.ny1.com/content/top_stories/187423/state-ag--company-inflated-grad-job-placement-rates--will-pay-back-millions

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