CHICAGO — Le Cordon Bleu’s 16 U.S. campuses will stop enrolling students after January, and will close by September 2017, Career Education, its money-losing, Chicago-area owner announced.
A federal crackdown on “predatory” for-profit schools that take advantage of students, including new regulations which limit student loan payments to 20 percent of a graduate’s after-tax wages, hit Cordon Bleu hard and was cited by Career Education CEO Todd Nelson as a reason for the closure.
