January 22, 2007 / 1:14 PM / 12 years ago

Career Education announces the U.S. Department of Education lifts growth restrictions

Co said today that it has received a notice from the United States Department of Education that it has lifted restrictions imposed in June of 2005 that had prevented the co from domestic acquisitions of schools and had restricted its ability to open additional domestic campuses. “Career Education has put forth a tremendous effort in restructuring our compliance and financial aid processes, and full compliance remains our top priority.” The lifting of restrictions by the DOE follows its approval in August 2006 of CECO’s applications for new International Academy of Design and Technology campus locations in San Antonio, TX and Sacramento, CA to participate in Title IV Programs. Those campuses are currently scheduled to open in late spring of 2007.

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