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Nearly 400 Nebraskans will share in more than $665,000 in debt relief as part of a nationwide settlement with Career Education Corp.

The for-profit education company has agreed to reform its recruiting and enrollment practices and forgo collecting approximately $493.7 million in debts owed by 179,529 students nationally.

Career Education Corp., based in Schaumburg, Illinois, offers primarily online courses through American InterContinental University and Colorado Technical University. It previously offered courses at schools under several different names.

An investigation by 49 of the 50 state attorneys general alleged the company engaged in unfair and deceptive practices, which in some cases led to students not being able to obtain professional licensure after graduation.

The company denied the allegations but agreed to resolve them in a settlement.

Nebraska Attorney General Doug Peterson said in a news release that 370 Nebraskans will share in approximately $665,400 in debt relief.

The company also has agreed to pay $75,000 to the state.

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Business editor/reporter

Matt Olberding is a Lincoln native and University of Nebraska-Lincoln graduate who has been covering business for the Journal Star since 2005.

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