Exhibit 99.2

Career Education Corporation Announces Poison Pill Termination and Enhanced
Corporate Governance Practices

     HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--xx--Career Education Corporation
(Nasdaq:CECO) today announced that its Board of Directors has approved the
accelerated termination of the Shareholder Rights Plan, commonly referred to as
a "poison pill," along with other directives to further enhance the company's
corporate governance profile. The Board's actions follow a lengthy and thorough
evaluation of the company's governance practices.
     The Board announced in May that it had directed its Nominating and
Governance Committee to complete an evaluation of the company's corporate
governance practices. During the review process, the Nominating and Governance
Committee examined a full range of corporate governance measures, including
practices and policies currently in place as well as potential enhancements to
these measures. The Committee consulted with corporate governance experts and
focused on the corporate governance research, recommendations and analytics of
Institutional Shareholder Services (ISS), a leading provider of corporate
governance services and related data. Company management also met with
shareholders holding a majority of the company's shares, and listened closely to
their views on corporate governance.
     As a result of the Board's decision to amend its Shareholder Rights Plan,
the poison pill will now expire on August 15, 2005. This decision was the result
of careful analysis and involved input from corporate governance experts and the
company's shareholders. "The termination of the poison pill is a strong
indicator of the Board's commitment to furthering sound corporate governance
practices. Our decision incorporates valuable shareholder feedback, while
ensuring that we have appropriate measures in place to manage our business
effectively," said Thomas Lally, chair of the Board's Nominating and Governance
Committee.
     Career Education's Board also agreed to adopt other measures to enhance the
company's governance practices. These actions include agreeing to adopt minimum
stock ownership guidelines for the company's senior management and Board of
Directors, adopting a policy requiring approval for Board members' participation
on other outside Boards, and adopting mandatory continuing education for all
Board members.
     "After a thorough evaluation of our corporate governance practices and
engaging in dialogue with our shareholders and independent experts, the Board of
Directors has approved these enhancements," said John Larson, Chairman,
President and Chief Executive Officer of Career Education Corporation. "We
believe that our corporate governance practices provide an important framework
for a timely response to situations that may directly affect shareholder value."
     Currently, the company has a corporate governance ranking from ISS that
shows CEC outperforming over 70 percent of the companies in its peer group. The
company's profile includes many established corporate governance best practices,
such as those contained in our Corporate Governance Guidelines approved by the
Board of Directors in October 2004 and our Codes of Ethics. The company's
Corporate Governance Guidelines cover issues relating to shareholder
communications to the Board, Board size and composition, the appointment of a
lead director, and director compensation and responsibilities. The company also
has an employee Code of Business Conduct and Ethics, and a Code of Ethics for
its executive officers and senior financial officers.
     The company's Board of Directors currently consists of seven members,
including five independent directors. Only the independent directors are members
of the Board's Audit, Compensation, and Nominating and Governance Committees. In
May 2005 the current Board decided unanimously to add two new independent
directors. The Board retained the executive search firm of Russell Reynolds
Associates, Inc. to conduct the search for new directors, and that search is
underway. "We believe that the search for new directors is progressing well and
that there is a pool of viable, quality candidates," Lally said.
     For further information on Career Education Corporation's Corporate
Governance Guidelines, ethics policies, committee charters and board member
biographies, please visit the company's website at
http://phx.corporate-ir.net/phoenix.zhtml?c=87390&p=irol-govHighlights

     Career Education Corporation (www.careered.com) is one of the largest
providers of private, for-profit postsecondary education and has a presence in
both on-campus and online education. CEC's Colleges, Schools and Universities
Group operates more than 80 campuses in the U.S., Canada, France, the United
Kingdom and the United Arab Emirates and offers doctoral degree, master's
degree, bachelor's degree, associate degree and diploma programs in the
career-oriented disciplines of business studies, visual communication and design
technologies, health education, information technology, and culinary arts. The
Online Education Group operates American InterContinental University Online and
Colorado Technical University Online and offers a variety of degrees in
information technology, business, visual communication and education. CEC's
total student population on July 31, 2005 was approximately 92,000 students.

     Except for the historical and present factual information contained herein,
the matters set forth in this release, including statements under "Business
Outlook" and statements identified by words such as "anticipates," "expects,"
"projects," "plans," "will," and similar expressions, are forward-looking
statements within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Such statements are based on
information currently available to us and involve risks and uncertainties that
could cause our actual growth, results, performance and business prospects and
opportunities to differ materially from those expressed in, or implied by these
statements. These risks and uncertainties, the outcome of which could materially
and adversely affect our financial condition and operations, include, but are
not limited to: risks related to our ability to comply with, and the impact of
changes in, legislation and regulations that affect our ability to participate
in student financial aid programs; costs, risks and effects of legal and
administrative proceedings and investigations and governmental regulations,
including the pending Securities and Exchange Commission and Justice Department
investigations and, class action, derivative, and other lawsuits; risks related
to our ability to comply with accrediting agency requirements or obtain
accrediting agency approvals; costs and difficulties related to the integration
of acquired businesses; risks related to our ability to manage and continue
growth; future financial and operational results; risks related to competition,
general economic conditions, and other risk factors relating to our industry and
business, as detailed in our Annual Report on Form 10-K for the year ended
December 31, 2004, and from time to time in our other reports filed with the
Securities and Exchange Commission. We disclaim any responsibility to update or
revise these forward-looking statements.


     CONTACT: Career Education Corporation
              Karen M. King (Investor Relations), 847-585-3899
              www.careered.com
              or
              Tracy K. Lorenz (Media), 847-585-3899
              www.careered.com