Investigation and potential class action against Career Education Corporation and Le Cordon Bleu College of Culinary Arts amid several consumer complaints that Le Cordon Bleu College of Culinary Arts may be misrepresenting the quality of its program and overstating the job prospects of the academy's graduates.
Le Cordon Bleu is owned by Career Education Corporation. If you've ever watched daytime television, you may have seen one of Career Education Corporation's ads offering students a brand-new life. Career Education Corporation has over 70 campuses nationwide offering everything from computer animation to the culinary arts. Students are now alleging that Le Cordon Bleu and Career Education Corporation may have misrepresented that its admissions were selective, its program elite, and its degree prestigious, and that upon graduation well-paying jobs would be waiting and students' education loans would be readily repayable. Also alleged is Le Cordon Bleu's abusive practices of steering students to loans that exceeded market rates in exchange for benefits from student-loan companies.
When students graduated and went to look for jobs, they found that their degree was essentially worthless in the job market and now they have their loans to pay back.
Name (Stock Symbol)
Career Education Corporation (CECO)
Career Education Corporation operate for profit colleges and schools, including the following: Le Cordon Bleu Schools North America; Harrington College of Design; Brooks Institute; International Academy of Design & Technology; American InterContinental University; Colorado Technical University and Sanford-Brown Institutes and Colleges.
Le Cordon Bleu College of Culinary Arts
Le Cordon Bleu College of Culinary Arts operates culinary schools.
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