Career Education Corp., the Schaumburg-based for-profit college group that became part of a federal investigation into recruiting and student loan practices by the industry earlier this decade, announced Wednesday the company will change its name to Perdoceo Education Corp. on Jan. 1.
Career Education CEO Todd Nelson said the name change marks “a new era for our organization” as the company reinvents itself into an online-based educational entity.
“We have entered the next phase of our journey with the responsible teach-out of our career schools complete and our shift to primarily online universities,” Nelson said. “Perdoceo will continue to execute against our strategic priorities with a shared vision of innovation, sustainable and responsible growth, and enhanced student experiences.”
Perdoceo in Latin means “to teach, inform, or instruct thoroughly,” according to company officials, and Nelson said the name reflects the company’s evolution “to providing a quality education to students.”