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Education Business
U.S. student-loan default rates jump sharply
September 13, 2011
Associated PressThe national two-year default rate rose to 8.8 percent last year, from 7 percent in fiscal 2008, according to the Department
of Education. Driving the increase was an especially sharp increase among students who borrow from the government to attend
for-profit colleges.
MoreITT Educational continues enrollment, profit slide
July 21, 2011
IBJ StaffIn the second quarter, the Carmel-based operator of for-profit colleges saw enrollment drop 19.9 percent and profit sink 17.7
percent. But the company posted strong earnings per share by continuing to buy back shares.
MoreStrayer Education marks opening of Indianapolis campus
June 7, 2011
J.K. WallFor-profit university Strayer Education Inc. has opened a campus in Indianapolis, aiming to reach adult learners. The Virginia-based
company has leased 20,000 square feet at 9025 N. River Road.
MoreITT Educational's stock price leaps as feds ease crackdown
June 2, 2011
IBJ Staff and Bloomberg NewsThe Obama administration gave for-profit colleges more time to comply with rules that will cut off federal aid to institutions
whose students struggle the most to repay their government loans.
MoreEnrollment, profit fall at ITT Educational
April 21, 2011
J.K. WallThe Carmel-based operator of for-profit colleges earned $85.4 million in the three months ended March 31, a 2.4-percent decline
from the same quarter a year ago.
MoreITT shares plunge on competitor's enrollment woes
March 29, 2011
IBJ Staff and Bloomberg NewsShares of Carmel-based ITT Educational Services Inc. fell as much as 6.8 percent Tuesday morning after the largest player
in its industry reported a 45-percent plunge in new-student enrollment.
MoreNew federal rules prompt ITT to change bonus-pay criteria
March 9, 2011
Scott OlsonThe Carmel-based for-profit educator still will pay its top executives bonuses, but they'll no longer be tied to school enrollment,
the company said Tuesday in a proxy filing.
MoreTransition-to-teaching students find few jobs
March 6, 2011
Associated PressAn Indiana Department of Education report shows less than 40 percent of those who completed the transition-to-teaching programs
in 2008-2009 were working in Indiana schools last year.
MoreDeVry Inc. plans to open local nursing school
February 15, 2011
The for-profit school would lease 24,000 square feet at its Keystone Crossing campus and employ 55 people in its nursing program
at an average wage of $28.85 an hour. DeVry is requesting property-tax abatement to offset investment costs.
MoreSallie Mae restructuring affects Indiana jobs
December 8, 2010
Kathleen McLaughlinStudent-loan giant lays off about 70 people in Fishers as part of national reshuffling.
MoreLending overhaul could be trouble for ITT
August 21, 2010
J.K. WallNew student-lending rules proposed by the Obama administration could wipe out as much as two-thirds of profits at Carmel-based
ITT Educational Services Inc., some analysts believe.
MoreITT, other for-profit education firms face more oversight
August 15, 2010
Bloomberg NewsShares in ITT Educational Services Inc., based in Carmel, declined 13 percent Monday morning, to $56.02 each, after being
downgraded
MoreITT Educational posts profit, raises forecast
July 22, 2010
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment
jumped 10 percent.
MoreSenator to probe spending at for-profit colleges
June 10, 2010
Bloomberg NewsITT Educational Services Inc., Apollo Group Inc.'s University of Phoenix, Career Education Corp. and other for-profit educators
are under increasing federal scrutiny over their recruitment practices and the level of student loan defaults.
MoreObama plans tougher rules on for-profit colleges
May 4, 2010
Bloomberg NewsThe administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing
to for-profit colleges such as locally-based ITT Educational.
MoreITT Educational altered test scores, ex-employee's suit says
April 21, 2010
Bloomberg NewsFormer director says he saw employees give passing scores to students who had failed entrance exams, raise their grades and
alter their attendance records so they would continue to receive U.S. financial aid.
MoreITT 'buying accreditation' strategy makes critics uneasy
March 22, 2010
Bloomberg NewsITT Educational Services and other for-profit educators are buying not-for-profit colleges to gain access to their regional
accreditation. The tactic could fuel rapid growth but makes critics uncomfortable.
MoreITT Educational's quarterly profit, revenue climb
January 21, 2010
ITT Educational Services Inc. reported higher profit in the fourth quarter of 2009, earning $2.56 per share. The Carmel-based
for-profit educator's earnings topped analysts' expectations.
MoreITT stock swoons despite higher profits, enrollment
October 22, 2009
J.K. WallInvestors dumped shares of ITT Educational Services Inc. on Thursday morning as the company remained mute on its year-end
profit forecast while announcing that its bad-debt expenses were rising faster than revenue.
MoreBig profits elevate ITT Educational into rare class
October 17, 2009
J.K. WallCEO Kevin Modany and his management team have become accustomed to regulatory uncertainty—and to growing the business
at a pace most executives can only dream about.
MoreAlmost half of Martin U.'s trustees resign
November 3, 2008
Kathleen McLaughlinSeven Martin University trustees have resigned this year, and at least two say President Algeania Freeman's methods were
a factor.
MoreCredit-market turmoil casts uncertainty over ITT Educational Services
March 24, 2008
Tracy DonhardtITT Educational Services Inc. and other for-profit schools are facing a maelstrom of financial threats that analysts say could
hurt student recruiting and profit margins--and already has driven stock prices down sharply. ITT shares are off 61 percent
since hitting an all-time high of $131.82 in November.
MoreITT's youthful CEO has large shoes to fill
June 4, 2007
Tracy DonhardtKevin Modany, CEO of ITT Educational Services Inc., carries an iPod and downloads drum solo videos from YouTube. But when
Modany, a young-looking 40-year-old, talks about ITT's 35-percent increase in first-quarter profit, he comes across as savvy
and confident of his ability to take the post-secondary education provider to even greater heights.
MoreU of I dean under fire from within department
December 25, 2006
Chris O'MalleyTwo years after Michael Shapiro was hired as dean of the business school at the University of Indianapolis, three current
and three former U of I professors have filed a grievance against Shapiro, alleging that he has created a hostile work environment.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.