|STAY CLEAR OF CEC- Career Education Corporation (CECO) |
CEC operates numerous for-profit schools (full school list below)
CEC is being investigated by the U.S. Government Accountability Office (GAO) for deceptive or otherwise questionable statements, which included information about the colleges accreditation, graduation rates and its students prospective employment and salary qualifications, duration and cost of the program, or financial aid. Representatives at certain schools also employed hard-sell sales and marketing techniques to encourage students to enroll.
CEC - Career Education Corporation (CECO) a for-profit conglomerate is a highly untrustworthy corporation. Researching this company and its schools briefly reveals countless highly damaging reports including, but not limited to CBS investigations, scam school list, a degree mill list and regulatory investigative fact-finding reports into its business practices. Furthermore and more importantly, thousands of past and current students in addition to faculty have filed suit against CEC for enrollment and job placement fraudulence in addition to many other untrustworthy practices. It appears numerous lawsuits have recently been won by students and faculty with more lawsuits in the development stages. There is something wrong at Career Education Corp. and these judgments are evidence of that. Federal regulators recently tightened job placement and federal loan payback guidelines on CEC and its highly unlikely Career Education Corp. can satisfy the new guidelines. Career Education Corporation final days are numbered.
Most for-profit degrees are worthless. Our company will not interview students from these "colleges" due to the low quality. All they care about is getting loan money.
CEC will have a difficult time with imminent federal spending cuts and Pell Grant limitations.
Those who purchased shares of Career Education Corp. (Public, NASDAQ:CECO), have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego