Student loan company paying back millions to Kansans

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TOPEKA, Kan. (WIBW) - More than 1,000 Kansas students will receive more than $2 million in student loan forgiveness.

Kansas Attorney General Derek Schmidt says it is part of a settlement reached Thursday with Career Education Corporation, or CEC. The for-profit education company based out of Illinois offers mostly online courses through InterContinental University and Colorado Technical University.

Schmidt, along with other Attorneys General, launched an investigation in 2014 after receiving numerous complaints from students.

Schmidt alleges the company engaged in unfair and deceptive practices. Those include misleading statements, failing to let students know total costs, programs offered and job placement rates.

Nationwide, the company is required to pay back almost $500 million in loan debt to over 66,000 former students.