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Education Business
Purdue makes fast progress on tuition freeze
May 19, 2013
Associated PressThe school is nearly three-fourths of the way to reaching its goal of $40 million in savings or new revenue.
MoreHerff Jones acquisition to form $1B company
May 16, 2013
Mason KingDallas-based BSN Sports will join the Herff Jones portfolio of companies and continue to operate as its own branded entity.
Combined annual revenue is expected to top $1 billion.
MoreShares of Angie's List, ITT skyrocket after reports
April 26, 2013
IBJ Staff and Associated PressIn the heart of a mediocre earnings season for public companies, Indianapolis-based firms Angie's List and ITT Educational
Services on Thursday shot to the top of the stock ticker.
MoreSinking enrollment still a drag on ITT Educational
April 25, 2013
IBJ StaffProfit and revenue fell dramatically in the first quarter as students continued to steer away from the Carmel company, one
of the country's largest for-profit colleges.
MoreITT Educational shares sink after SEC seeks loan documents
February 25, 2013
Bloomberg NewsShares of ITT Educational Services Inc., one of the country's largest for-profit colleges, tumbled nearly 17 percent Monday
after it disclosed that U.S. regulators subpoenaed documents related to private loan programs for its students.
MoreFederal budget cuts would hit military, education in Indiana
February 24, 2013
Associated PressThe White House has tallied the impact of automatic cuts to the federal budget set to take effect this week. Indiana will
lose at least $100 million in support for the military, education, child care, seniors and services for other populations.
MoreCEO convinces investors that ITT is on the rebound
January 24, 2013
J.K. WallFor a guy whose company's stock price has lost 75 percent of its value, Kevin Modany, the CEO of ITT Educational Services
Inc., sounds pretty upbeat. And it seemed to rub off on investors Thursday.
MoreITT agrees to pay Sallie Mae $46M to settle suit
January 7, 2013
Scott OlsonWall Street reacted unfavorably to the settlement Monday, as ITT shares fell as much as 22 percent, to $15 a share. Shares
traded for more than $66 about 10 months ago.
MoreCheerleading CEO to become chief at Herff Jones
December 11, 2012
Kathleen McLaughlinThe founder of a cheerleading-supply company will become the next CEO of Indianapolis-based Herff Jones Inc., one of the city's
largest private companies.
MoreLocal campus escapes University of Phoenix closure list
October 22, 2012
IBJ StaffThe University of Phoenix will maintain its campus in Indianapolis, a company spokesman confirmed, even as the operator of
for-profit colleges closes more than half its campuses nationwide.
MoreVincennes logistics program gets box of money from federal government
September 29, 2012
IBJ Staff$2.9 million grant will be used to bulk up logistics training and education center in Plainfield.
MoreDemocratic report blasts for-profit colleges; ITT stock sinks
July 30, 2012
Bloomberg News, Associated PressFor-profit colleges put revenues above education, and charge students high tuition and loan rates that could leave them in
debt for years, a Senate Democratic report said Monday. Stock in for-profit colleges tumbled after the report.
MoreITT stock sinks after profit plunges 42 percent
July 26, 2012
J.K. WallITT Educational Services Inc.'s stock took a licking Thursday after its quarterly earnings report badly missed expectations
of Wall Street analysts.
MoreJudge says lawsuit can proceed against for-profit educator
May 15, 2012
Associated PressA federal judge has ruled that a lawsuit can proceed against a large for-profit education company accused of using improper
sales tactics to lure unqualified students and the billions of dollars in financial aid they bring. The company has two colleges
in Indianapolis.
MoreFor-profit university eyes College Park office space
May 11, 2012
J.K. WallSouth Dakota-based National American University wants to turn 35,000 square feet on the second floor of a building in the
College Park office complex into its latest campus.
MoreProfit plummets at ITT Educational, but tops analyst expectations
April 26, 2012
J.K. WallFirst-quarter profit and revenue plunged at Carmel-based ITT Educational Services Inc. as enrollment of new students declined
for the seventh straight quarter.
MoreJudge slaps down attorneys behind ITT fraud lawsuit
April 21, 2012
Greg AndrewsJudge Tanya Walton Pratt late last month granted ITT’s motion for attorney’s fees and sanctions against Mississippi
attorney Timothy Matusheski, as well as two law firms that worked with him on the case—Motley Rice LLC in Los Angeles
and Plews Shadley Racher & Braun LLP in Indianapolis.
MoreThirty-five teams apply for $1M Mind Trust grants
March 9, 2012
J.K. WallThe winners' mission will be to launch successful charter schools and replicate those schools at three or four additional
locations around Indianapolis.
MoreBattle for students raises financial concern for turnaround schools
March 8, 2012
J.K. WallJust 62 percent of the students at four IPS schools being taken over by turnaround operators have chosen to remain at the
schools, a situation that could shrink funding. The operators say the district has stymied their ability to inform students
and their parents about their plans.
MoreFor-profit colleges lose incentive to target vets under bills
February 16, 2012
Bloomberg NewsFor-profit college operators such as Carmel-based ITT Educational Services Inc.would lose a financial incentive to enroll
soldiers and veterans under U.S. Senate and House bills aimed at curbing what sponsors call aggressive marketing of subpar
programs.
MoreITT Educational's profit plunges, but tops analyst expectations
January 26, 2012
J.K. WallThe Carmel-based operator of for-profit colleges earned $76 million in the quarter compared with $97.5 million in the same
quarter of 2010. Revenue fell 10 percent.
MoreFor-profit colleges face curbs on aid in new veterans bill
January 23, 2012
For-profit colleges like Carmel-based ITT Educational Services would be forced to rely less on federal money under a bill
aimed at curbing the marketing of degrees to soldiers and veterans.
MoreTurnaround company wants to launch feeder schools
December 14, 2011
J.K. WallCharter Schools USA, the Florida-based company tapped by the state government to turn around Howe and Manual high schools
in Indianapolis, also wants to launch two charter elementary schools to help feed students into those schools.
MoreITT Educational’s enrollment, profit fall again
October 20, 2011
The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell
14.1 percent.
MoreFor-profit education firm denies lawsuit charges
October 5, 2011
Associated PressEducation Management Corp., which operates two schools in Indianapolis, has asked a judge to throw out a Department of Justice
lawsuit that claims it used improper sales tactics to lure unqualified students and the billions of dollars in financial aid
they bring.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.