Career Education Corporation Announces Completion of SEC Investigation

No Action Taken Against Company
HOFFMAN ESTATES, Ill.--(Business Wire)--Career Education Corporation (NASDAQ: CECO) said today that on
January 17, 2008, it was advised by the Chicago Regional Office of the
Securities and Exchange Commission ("SEC") that the SEC investigation
has been completed, with no action taken against the company.

Career Education previously disclosed that it was advised by the
staff of the Chicago Regional Office of the SEC on April 5, 2006 that
the staff intended to recommend to the SEC that it terminate its
investigation concerning the company and that no enforcement action be
taken against the company.

Gary E. McCullough, president and CEO of CEC, noted that the
company has continued to put legal and regulatory issues behind it.
CEC disclosed last year that the U.S. Department of Justice had
terminated its investigations with no action taken against the
company, and that the U.S. Department of Education had lifted its
restrictions on the company's ability to acquire schools and open new
campuses. "We are pleased to receive this positive news for the
company," said McCullough.

About Career Education Corporation

The colleges, schools, and universities that are part of the
Career Education Corporation (CEC) family offer high quality education
to a diverse population of approximately 90,000 students across the
world in a variety of career-oriented disciplines. The more than 75
campuses that serve these students are located throughout the U.S. and
in Canada, France, Italy, and the United Kingdom, and offer doctoral,
master's, bachelor's, and associate degrees and diploma and
certificate programs. Approximately one third of our students attend
the web-based virtual campuses of American InterContinental University
Online and Colorado Technical University Online.

CEC is an industry leader whose gold-standard brands are
recognized globally. Those brands include 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. Through its schools, CEC is committed to providing quality
education, enabling students to graduate and pursue rewarding careers.

For more information, see the company's website at
http://www.careered.com. The company's website includes a detailed
listing of individual campus locations and web links to its more than
75 colleges, schools, and universities.

Career Education Corporation
Media:
Lynne Baker, 847/851-7006
Andrea Meyer, 847/585-3937
or
Investors:
Karen King, 847/585-3899
www.careered.com

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