Career Education Corporation (NASDAQ: CECO) is a global for-profit university that offers associate, master's, bachelor's and doctoral degree programs in vocational areas such as business, communications and IT. The company had an enrollment of 116,000 students on 90 campuses in the the US, France, Italy, and UK. The university generates most of its revenue from tuition and earned $1.6 billion in revenue and $81 million in net income in 2009.
Maintaining accreditation is critical to CECO's financial health. 2/3 of the company's tuition fees come from Title IV funds(government financial aid) that are only available to accredited schools.(Read more at Wikinvest )