8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) November 14, 2011

Career Education Corporation

(Exact Name of Registrant as Specified in Charter)

Delaware	0-23245	36-3932190
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

231 North Martingale Road Schaumburg, IL	60173
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code (847) 781-3600

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On November 14, 2011, Career Education Corporation (the “Company”) issued a press release to announce that it has sold Istituto Marangoni, headquartered in Milan, Italy with additional locations in Paris, France and London, England.

The information in Item 8.01 of this Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits.

(a) None.

(b) None.

(c) None.

(d) Exhibits.

Exhibit Number	Description of Exhibits
99.1	Press release of Company dated November 14, 2011.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CAREER EDUCATION CORPORATION

/s/ Jeffrey D. Ayers

Senior Vice President, General Counsel,

        Corporate Secretary and  Chief Compliance Officer        

Dated: November 14, 2011

Exhibit Index

Exhibit Number	Description of Exhibits
99.1	Press release of Company dated November 14, 2011.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact:	Investors:	Jason Friesen
		Senior Vice President of Finance, Investor Relations and Treasurer
		(847) 585-3899
	Media:	Mark Spencer
		Senior Director, Corporate Communications
		(847) 585-3802
	Providence Equity Partners:	Andrew Cole
		Sard Verbinnen & Co
		(212) 687-8080

Career Education Corporation Announces Sale of Istituto Marangoni

Schaumburg, Ill. – November 14, 2011—Career Education Corporation (NASDAQ: CECO) announced today that it has sold Istituto Marangoni to an investor group led by affiliates of Providence Equity Partners (“Providence”), a Providence, Rhode Island based private equity firm with over $23 billion of capital under management. Terms of the deal were not disclosed. Istituto Marangoni is headquartered in Milan, Italy with additional locations in Paris, France, and London, England, providing education to students primarily in the areas of fashion and design.

“We determined that Istituto Marangoni and its world renowned fashion and design programs was not core to our long term European strategy centered on curricula offered through our INSEEC group of schools and the International University of Monaco. We believe that Istituto Marangoni will fit well with an experienced educational operator like Providence and that the new owners will build on the success of the institution in ways that benefit students, faculty and staff,” said Steven H. Lesnik, Chairman of the Board, President and Chief Executive Officer of Career Education Corporation.

“Istituto Marangoni has a tremendous reputation across the world for its outstanding programs,” said Karim Tabet, Managing Director of the London office of Providence. “The Providence team looks forward to working with the Istituto Marangoni management team in paving the road to a successful future for the institution and its current and future students.”

As a result of the transaction, Career Education Corporation estimates that a gain of $17—$20 million will be reflected within Discontinued Operations in the Company’s consolidated financial statements.

About Career Education Corporation

The colleges, schools and universities that are part of the Career Education Corporation (“CEC”) family offer high-quality education to a diverse student population of more than 100,000 students across the world in a variety of career-oriented disciplines through online, on-ground and hybrid learning program offerings. The more than 90 campuses that serve these students are located throughout the United States and in France, the United Kingdom and Monaco, and offer doctoral, master’s, bachelor’s and associate degrees and diploma and certificate programs.

CEC is an industry leader whose institutions are recognized globally. Those institutions include, among others, American InterContinental University (“AIU”); Brooks Institute; Colorado Technical University (“CTU”); Harrington College of Design; INSEEC Group (“INSEEC”) Schools; International University of Monaco (“IUM”); International Academy of Design & Technology (“IADT”); Le Cordon Bleu North America (“LCB”); and Sanford-Brown Institutes and Colleges. Through its schools, CEC is committed to providing high-quality education, enabling students to graduate and pursue rewarding career opportunities.

For more information, see CEC’s website at www.careered.com. The website includes a detailed listing of individual campus locations and web links to CEC’s colleges, schools, and universities.

About Providence Equity

Providence Equity is the leading global private equity firm specializing in equity investments in media, communications, information services and education companies around the world. The principals of Providence manage funds with over $23 billion in equity commitments and have invested in more than 100 companies operating in over 20 countries since the firm’s inception in 1989. Globally, Providence is the largest private investor in the education sector, with approximately $2.5 billion in equity commitments invested in colleges and universities, education publishing and online education platforms. Significant investments in the education sector include Study Group, Blackboard, EDMC, Archipelago Learning, Ascend Learning and Estro. Providence is headquartered in Providence, RI (USA) and has offices in New York, London, Los Angeles, Hong Kong and New Delhi.