Career Education Corporation Acquires Internationally Ranked Business University

HOFFMAN ESTATES, Ill.--(Business Wire)--
Career Education Corporation (CEC) (NASDAQ:CECO) today announced it has acquired
for cash the International University of Monaco (IUM), a leading international
business university located in the Principality of Monaco, Monte-Carlo. IUM will
join CEC`s INSEEC group, based in Paris, France.

IUM offers bachelor`s, master`s and doctoral programs in such areas as finance,
international business, and luxury goods and services. According to the magazine
The Economist, IUM is ranked among the top 50 full-time MBA institutions in the
world.

IUM`s current enrollment includes nearly 400 students representing 62 countries.
The addition of IUM will position INSEEC, a leader in postsecondary education in
Europe, for continued growth.

The acquisition, which closed April 15, 2010, is not anticipated to materially
affect the expected financial results of operations in 2010 of Career Education
Corporation.

About International University of Monaco

The Monaco Business School at the International University of Monaco (IUM)
develops successful and thoughtful leaders and entrepreneurs. IUM is the only
university which provides a business education fully taught in English on the
Cote D`Azur. With 60 nationalities represented in the student body and faculty,
it is the premier institution for higher education in the Principality of
Monaco. For more information, please visit www.monaco.edu.com.

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 student
population of over 116,000 students across the world in a variety of
career-oriented disciplines. The approximately 90 campuses that serve these
students are located throughout the U.S. and in France, Italy, and the United
Kingdom, and offer doctoral, master`s, bachelor`s and associate degrees and
diploma and certificate programs. Nearly 40 percent of our students attend the
Web-based virtual campuses of American InterContinental University, Colorado
Technical University, International Academy of Design & Technology and Le Cordon
Bleu College of Culinary Arts.

CEC is an industry leader whose brands are recognized globally. Those brands
include, among others, American InterContinental University; Brooks Institute;
Colorado Technical University; Harrington College of Design; INSEEC Schools;
International Academy of Design & Technology; Istituto Marangoni; Le Cordon Bleu
North America; and Sanford-Brown Institutes and Colleges. Through our schools,
CEC is committed to providing quality education, enabling students to graduate
and pursue rewarding careers.

For more information, visit www.careered.com. The website includes a detailed
listing of individual campus locations and web links.

Career Education Corporation
Investors:
Jason Friesen
Senior Vice President of Finance, Investor Relations and Treasurer
(847) 585-3899
or
Media:
Jeff Leshay
Senior Vice President, Public Relations & Corporate Communications
(847) 585-2005

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