Exhibit 99.3

ASSIGNMENT AGREEMENT

This Assignment Agreement ("Agreement"), dated as of the 30th day of
November, 2000 is by and between Sylvan Learning Systems, Inc., a Maryland
corporation ("Assignor"), with its principal place of business at 1000 Lancaster
Street, Baltimore, Maryland 21202, and Career Education Corporation, a Delaware
corporation ("Assignee") with its principal place of business located at 2895
Greens Point Parkway, Suite 600, Hoffman Estates, Illinois 60195.

R E C I T A L S:
---------------

A. Assignor has previously made a Loan to Edutrek International, Inc.
(the "Company") in the original principal sum of $5,000,000 (the "Loan"),
as evidenced by a Promissory Note in the original principal amount of
$5,000,000 dated May 30, 2000 (the "Note"), which Loan is secured by a
security interest in and to certain tangible and intangible assets of the
Company pursuant to a Security Agreement, a Pledge Agreement, Guaranty, and
related documents, all of which are subject to an Intercreditor Agreement
dated as of May 30, 2000 between Assignor and First Union National Bank
("Intercreditor Agreement").

B. Assignee desires to purchase from Assignor and Assignor desires to
sell and assign to Assignee all Assignor's rights, title and interest in
and to the Loan, all collateral and security therefor (the "Collateral"),
and all documents evidencing the Loan and any collateral and security
therefor, subject to the Intercreditor Agreement (the "Loan Documents").

NOW, THEREFORE, in consideration of the foregoing and of the mutual
understandings and agreements of the parties contained herein and for other good
and valuable consideration the receipt of which is hereby acknowledged, the
parties hereto agree as follows:

1. Initial capitalized terms used herein which are not otherwise defined
herein shall have the meaning provided therefor in the Note.

2. Assignor hereby sells, assigns and transfers to Assignee, WITHOUT
RECOURSE, AND WITHOUT REPRESENTATION OR WARRANTY, except as expressly provided
herein, all of Assignor's rights, title and interest in and to the Loan, all
Loan Documents and all Collateral and guaranties for the Loan.

3. In consideration of the assignment, Assignee hereby agrees to pay to
Assignor, upon the execution of this Agreement, the sum of $5,079,383.56 (the
"Purchase Price"), by wire transfer as follows:

Bank of America, NA
Baltimore, Maryland
ABA # 052001633
For the Account of Sylvan Learning Systems, Inc.

Account #3933614751

4. As a condition to payment of the Purchase Price, Assignor shall execute
and/or deliver to Assignee the following:

A. A duly executed counterpart of this Agreement;

B. UCC-3 Assignments of all UCC-1 Financing Statements recorded by
Assignor against the Company, including without limitation, those UCC-1
Financing Statements listed and described on Exhibit B attached hereto;

C. The original executed Loan Documents; and

D. Such other assignments, instruments or documents, in recordable
form, as may be required by law or requested by Assignee to evidence the
Assignment of Assignor's interest in the Loan and the Collateral.

5. In consideration of Assignee's purchase of the Loan, Assignor hereby
represents and warrants to Assignee that:

A. The outstanding balance of the Loan is $5,079,383.56, consisting
of outstanding principal in the amount of $5,000,000 and accrued and unpaid
interest in the amount of $79,383.56;

B. Assignor is the owner of and has absolute title to the Loan, and
the Loan Documents, free and clear of all claims, liens and encumbrances,
and has not previously sold, transferred, assigned, conveyed or otherwise
encumbered its interest in the Loan or the Collateral;

C. Assignor is not aware of any claims or defenses that the Company
may have to (i) payment of the Loan or, (ii) to the validity of the
security interest of Assignor in the Collateral;

D. Exhibit A attached hereto contains a list of all Loan Documents
evidencing the Loan, all guaranties, and Assignor's interest in the
Collateral.

E. All acts, proceedings and consents necessary or required by law,
the articles of incorporation or by-laws of Assignor or any agreement by
which Assignor is bound, required to make the assignment hereunder a valid,
binding and legal obligation of Assignor, have been done, taken, occurred,
or been received and this Agreement shall constitute Assignor's legal,
valid and binding obligation, enforceable in accordance with its terms.

6. This Agreement shall be construed in accordance with and governed by
the laws of the State of Illinois and shall be binding on and inure to the
benefit of the parties hereto and their respective successors and assigns.

(remainder of page intentionally left blank)

IN WITNESS WHEREOF, the Assignor and Assignee have entered into this
Agreement as of the date first above written.

SYLVAN LEARNING SYSTEMS, INC.

By: /s/ Robert Zentz
-------------------------------------
Title: Senior Vice President
-------------------------------------

CAREER EDUCATION CORPORATION

By: /s/ Patrick K. Pesch
-------------------------------------
Title: Chief Financial Officer
-------------------------------------

ACKNOWLEDGEMENT AND AGREEMENT

Each of the undersigned hereby accepts and acknowledges receipt of a copy of the
foregoing Assignment Agreement and consents to and agrees to be bound by all
provisions thereof, and to make all future payments under the Loan to Assignee.
Each of the undersigned further acknowledges and agrees that the Loan is
assignable by Assignor to Assignee, it has no defense to payment of its
obligations under the Loan Documents and the outstanding balance of the Loan is
as set forth in the Assignment Agreement.

Capitalized terms used in this Acknowledgement and Agreement without definition
have the meanings specified in the foregoing Assignment Agreement unless the
context otherwise requires.

November 30, 2000 EDUTREK INTERNATIONAL, INC.

By: /s/ R. Steven Bostic
-----------------------------------------
R. Steven Bostic, Chairman of the Board
and Chief Executive Officer

EDUTREK SYSTEMS, INC.

By: /s/ R. Steven Bostic
-----------------------------------------
R. Steven Bostic, Chief Executive Officer

AMERICAN INTERCONTINENTAL
UNIVERSITY, INC.

By: /s/ R. Steven Bostic
-----------------------------------------
R. Steven Bostic, Chief Executive Officer

AMERICAN INTERCONTINENTAL
UNIVERSITY-LONDON, LTD. U.S.

By: /s/ R. Steven Bostic
-----------------------------------------
R. Steven Bostic, Chief Executive Officer

AMERICAN EUROPEAN MIDDLE EAST
CORPORATION, LLC

By: /s/ R. Steven Bostic
-----------------------------------------
R. Steven Bostic, Chief Executive Officer

EXHIBIT A
---------

Loan Documents
--------------

1. Promissory Note dated May 30, 2000 in the original principal amount of
$5,000,000 executed by Edutrek International, Inc. in favor of Sylvan Learning
Systems, Inc.

2. Guaranty dated as of May 30, 2000 by Edutrek Systems, Inc., American
Intercontinental University, Inc., American Intercontinental University-London,
Ltd. U.S., and American European Middle East Corporation, LLC, in favor of
Sylvan Learning Systems, Inc.

3. Security Agreement dated as of May 30, 2000 by and among Edutrek
International, Inc., Edutrek Systems, Inc., American Intercontinental
University, Inc., American Intercontinental University-London, Ltd. U.S.,
American European Middle East Corporation, LLC and Sylvan Learning Systems, Inc.

4. Pledge and Security Agreement dated as of May 30, 2000 by and among
Edutrek International, Inc., American Intercontinental University-London, Ltd.
U.S., American Intercontinental University European Middle East Corporation, LLC
and Sylvan Learning Systems, Inc.

5. Conditional Assignment and Trademark Security Agreement dated as of May
30, 2000, between American Intercontinental University, Inc. and Sylvan Learning
Systems, Inc.

6. Conditional Assignment and Trademark Security Agreement dated as of May
30, 2000, between Edutrek Systems, Inc. and Sylvan Learning Systems, Inc.

7. Intercreditor Agreement dated as of May 30, 2000, between First Union
National Bank and Sylvan Learning Systems, Inc.

EXHIBIT B
---------

UCC Financing Statements
------------------------

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Debtor Jurisdiction File Number File
Date
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EduTrek International, Inc. Secretary of State, California 0016160021 6/6/00
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EduTrek International, Inc. District of Columbia 2000053693 6/7/00
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EduTrek International, Inc. Secretary of State, Florida 200000131808 6/6/00
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EduTrek International, Inc. Fulton County, Georgia 060200010695 6/7/00
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EduTrek Systems, Inc. Secretary of State, California 0016160028 6/6/00
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EduTrek Systems, Inc. District of Columbia 2000053700 6/7/00
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EduTrek Systems, Inc. Secretary of State, Florida 200000131811 6/6/00
- ---------------------------------------------------------------------------------------------------
American InterContinental Secretary of State, California 0016160075 6/7/00
University, Inc.
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American InterContinental District of Columbia 2000053712 6/7/00
University, Inc.
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American InterContinental Secretary of State, Florida 200000131814 6/6/00
University, Inc.
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American InterContinental Fulton County, Georgia 060200010696 6/7/00
University, Inc.
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American InterContinental State Corporate Commission, 0006066075 6/6/00
University, Inc. Virginia
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American InterContinental Loudoun County, Virginia 1703-00 6/6/00
University, Inc.
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American European Middle East Secretary of State, California 0016160059 6/6/00
Corporation, LLC
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American European Middle East District of Columbia 2000053706 6/7/00
Corporation, LLC
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American European Middle East Secretary of State, Florida 200000131812 6/6/00
Corporation, LLC
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American European Middle East Fulton County, Georgia 060200010699 6/7/00
Corporation, LLC
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American InterContinental Secretary of State, California 0016160036 6/6/00
University-London, Ltd. U.S.
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American InterContinental District of Columbia 2000053704 6/7/00
University-London, Ltd. U.S.
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American InterContinental Secretary of State, Florida 200000131809 6/6/00
University-London, Ltd. U.S.
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American InterContinental Fulton County, Georgia 060200010698 6/7/00
University-London, Ltd. U.S.
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American College in London, Secretary of State, California 0016160048 6/6/00
Ltd. U.S. (n/k/a American
InterContinental
University-London, Ltd. U.S.)
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American College in London, District of Colombia 2000053705 6/7/00
Ltd. U.S. (n/k/a American
InterContinental
University-London, Ltd. U.S.)
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American College in London, Secretary of State, Florida 200000131807 6/6/00
Ltd. U.S. (n/k/a American
InterContinental
University-London, Ltd. U.S.)

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American College in London, Fulton County, Georgia 060200010693 6/7/00
Ltd. U.S. (n/k/a American
InterContinental
University-London, Ltd. U.S)
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