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Le Cordon Bleu is "considered today the largest network of culinary and hospitality schools in the world," according to its website . In the 1950s, Julia Child attended the Paris school, which — it is important to note — is run separately from the U.S. affiliates along with the London campus and will not be shutting down operations.
Career Education Corporation had considered selling its cooking schools, but revealed that closing them would be "a quicker and ultimately cheaper option," BuzzFeed reports. The company cited "the impact of the federal government's new regulations on career colleges" for its decision, referring to "the Obama administration's gainful employment rule, which cuts off federal financial aid to schools where graduates borrow money at high rates to pay for school but earn little after graduation."
Le Cordon Bleu and other culinary institutes in the U.S. have come under increasing scrutiny for their outrageous tuition costs, high drop-out rates, and dismal job prospects. Eater analyzed the data this summer and found overwhelming evidence that culinary school isn't worth it. These for-profit centers have even been sued for their deceptive recruiting tactics and falsified rates of post-school job placement. Career Education Corporation settled one class action lawsuit from former students to the tune of $40 million dollars.
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