Sunday, August 25, 2013

Swindled Students Awarded Millions From For Profit Colleges (VIDEO)

"One of the largest U.S. for-profit college corporations agreed to pay more than $10 million Monday to settle the state of New York's claim that the company systematically deceived students by advertising bogus job placement rates at its career-oriented schools.

New York Attorney General Eric Schneiderman announced a $10.25 million settlement agreement with Career Education Corp., which includes a $1 million penalty and assurances that the school will establish a $9.25 million restitution fund for students who were misled from the 2009-2010 school year to 2011-2012.

The company admitted no wrongdoing."*

The Young Turks hosts Cenk Uygur and Ana Kasparian break it down.

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