Boise (670 KBOI News) – Nearly 400 Idaho students of a couple of mostly online colleges will get some debt relief in a settlement agreement with the state.
It’s part of a national settlement between Career Education Corporation, an Illinois-based for profit education company, and about 180,000 students nationwide.
Career Education Corporation will waive student loan debts totaling nearly $500 million.
The suit was filed in 2014, charging CEC with using deceptive practices and making false promises to students about job placement rates…as a result, many students were not able to get professional certifications, and racked up staggering debts.
In Idaho, CEC offered mostly online courses through American InterContinental University, and Colorado Technical University.
Click here to read the full statement from the Attorney General’s office.
