"NEW YORK (Dow Jones)--Shares of Career Education Corp. (CECO) fell sharply Thursday afternoon as a government memo questioned the accreditation of one of the for-profit education company's schools.
The memo also raised concerns about the Higher Learning Commission of the North Central Association of Colleges and Schools, a leading accrediting body for many for-profit universities, sending shares of the education sector lower Thursday.
The U.S. Department of Education's office of inspector general sent a memo to the office of postsecondary education, dated Thursday, with concerns about how Career Education's American InterContinental University was accredited."
The memo also raised concerns about the Higher Learning Commission of the North Central Association of Colleges and Schools, a leading accrediting body for many for-profit universities, sending shares of the education sector lower Thursday.
The U.S. Department of Education's office of inspector general sent a memo to the office of postsecondary education, dated Thursday, with concerns about how Career Education's American InterContinental University was accredited."