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                          CAREER EDUCATION CORPORATION.
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                (Name of Registrant as Specified in Its Charter)

                                 BOSTIC R STEVEN
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Steve Bostic issued the following press release on May 9, 2006:



FOR IMMEDIATE RELEASE

         Career Education Corporation Fails Yet Another Regulatory Audit

SEA ISLAND, GA, May 9, 2006 -- Steve Bostic, the beneficial owner of
approximately 1% of the outstanding stock of Career Education Corporation
(NASDAQ: CECO), today made the following statement:

"In their 2005 Annual Report to stockholders, Jack Larson's management team
stated that "Career Education Corporation is a global leader in the field of
for-profit postsecondary education." Not so, says the United Kingdom's Quality
Assurance Agency. As recently reported in The London Times Higher Education
Supplement, ("American Intercontinental First To Fail New Qaa Audit", The London
Times Higher Education Supplement (U.K.), April 30, 2006) American
InterContinental University, London is the first university to fail a routine
inspection by the QAA since the agency was set up in 1997."

The QAA found "alarmingly low" standards of student achievement and "misleading"
marketing claims at AIU London and went on to state, "At present, no confidence
can be placed in the soundness of AIU London's management of the quality of its
programmes."

Mr. Bostic added, "Career Education's management continues to conceal a systemic
breakdown of integrity and accountability behind a veneer of upbeat rhetoric.
AIU's failure of the QAA audit is simply the most recent symptom of the virus
that is infecting CEC, a virus that goes all the way to the top. It is time for
some good old-fashioned oversight by a board of directors, and this company
isn't going to do that on its own. In its recent report, Institutional
Stockholder Services (ISS) recommended that stockholders vote in favor of my
fellow nominees and I at CEC's upcoming annual meeting and indicated that
additional oversight was exactly what we would bring to the board."

                                       ###

Media Inquiries:

Peter Duda
Weber Shandwick
212-445-8213
pduda@webershandwick.com

J.J. Rissi
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917-587-7090
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