Education Finance

Enrollment, profit fall at ITT Educational

April 21, 2011
J.K. Wall
The 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.
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UPDATE: Senate panel OKs budget with more school money

April 18, 2011
Associated Press
An Indiana Senate committee on Monday approved a state budget that relies on a new, more optimistic revenue estimate to direct more cash to schools, restore previously proposed cuts and leave Indiana with more money in the bank than prior versions.
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Shares of embattled ITT may not have hit bottomRestricted Content

April 16, 2011
Greg Andrews
Some analysts believe the thrashing ITT investors have taken since the federal government unveiled a tougher regulatory scheme for for-profit schools a year ago is only the start.
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UPDATE: Extra tax dollars aimed at full-day kindergarten

April 15, 2011
Francesca Jarosz
A projected increase in state revenue should allow all Indiana school districts to provide full-day kindergarten, a long-time goal of the governor and many education officials.
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House committee nixes changes to Indiana scholarships

April 5, 2011
Associated Press
A proposal to tighten requirements for Indiana's popular 21st Century Scholars program for low-income students is in limbo after a legislative committee removed it from a package of revisions to college financial aid programs.
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Colleges spend big, lose big on women's basketball

April 1, 2011
Bloomberg News
Across the U.S., the most popular women’s college sport is in the red. Women’s basketball at the 53 public schools in the six largest conferences recorded operating losses last fiscal year of $109.7 million, while the men’s teams reported operating profits of $240 million.
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School voucher proposal approved by House

March 30, 2011
Associated Press
The GOP-led House voted 56-42 on Wednesday in favor of the bill that would use taxpayer money to help some parents move their children from public schools to private schools.
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ITT shares plunge on competitor's enrollment woes

March 29, 2011
 IBJ Staff and Bloomberg News
Shares 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.
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Indiana schools chief says education changes needed

March 22, 2011
Associated Press
State-funded vouchers for private schools and a shift of money to charter schools are necessary steps in the effort to improve Indiana's education system, the state schools superintendent said Tuesday.
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School district eyes events, students for revenue

March 19, 2011
Associated Press
Franklin Community Schools officials say they don't want to be in the same situation they were last year, when the state forced the district to eliminate $3 million from its budget.
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Charter-school boosters tout findings of new study

March 9, 2011
Francesca Jarosz
Charter-school advocates are touting a Stanford University study released Wednesday as support for their case to expand charters throughout the state.
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Transition-to-teaching students find few jobs

March 6, 2011
Associated Press
An 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.
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GOP-led Indiana House panel OKs new budget proposal

February 18, 2011
Associated Press
A Republican-controlled Indiana House committee has approved a GOP budget proposal that would keep overall education funding at current levels while making major shifts in the way money is divvied up among individual school districts.
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UPDATE: GOP budget includes big shift in school funding

February 17, 2011
Associated Press
Individual school districts could see major shifts in funding but overall education funding would remain at current levels under a state budget plan presented Thursday by Republicans who control the Indiana House.
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Indiana panel backs private school voucher bill

February 16, 2011
Associated Press
A contentious proposal to use taxpayer money to help Indiana parents send their children to private schools cleared its first legislative hurdle Wednesday.
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GOP-led panel tweaks Daniels' school voucher bill

February 15, 2011
Associated Press
Fewer families would qualify for private school vouchers under changes Republican lawmakers have made to Indiana Gov. Mitch Daniels' controversial proposal.
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Ex-Emmis exec uses estate toolkit to fund Butler venueRestricted Content

February 12, 2011
Kathleen McLaughlin
Howard Schrott will provide $6.5 million toward the $13 million performing-arts building.
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Indiana panel OKs early-graduation scholarship

February 9, 2011
Associated Press
A proposal to give Indiana high school seniors a $3,500 college scholarship if they graduate a year early has cleared its first legislative hurdle.
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Indiana's promised scholarships caught in budget bind

February 6, 2011
Associated Press
The growing popularity of the 21st Century Scholars program and the state's recession-driven budget bind has state officials looking to tighten up both the academic and financial requirements.
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Tax credit would benefit public school foundationsRestricted Content

February 5, 2011
Kathleen McLaughlin
Ellettsville Democrat Vi Simpson wants to create an income-tax credit for gifts to public-school foundations, which could compete with one that’s already available for private-school scholarships.
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For-profit colleges make costly loans, report says

February 2, 2011
Bloomberg News
Companies including ITT Educational Services Inc., DeVry Inc and Career Education Corp. are making loans with “high costs” and “predatory terms,” the group said.
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Scholarship bill raises questions about minors on campus

January 26, 2011
Francesca Jarosz
As Indiana lawmakers ponder a bill that would give high school students an incentive to graduate early, state university leaders are bracing for the possible impact—an influx of minors onto their campuses.
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UPDATE: ITT Educational profit gives shares a boost

January 20, 2011
 IBJ Staff and Bloomberg News
Shares of ITT Educational Services Inc. rose the most in a year Thursday after the for-profit educator reported a fourth-quarter profit that beat analysts’ estimates.
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Group plans ad campaign to back school choice

January 2, 2011
Associated Press
The Foundation for Educational Choice, an Indianapolis-based not-for-profit, expects to spend $400,000 to $500,000 on the advertising campaign in Indiana
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ITT Educational, for-profit peers reaped $521M from military

December 9, 2010
Bloomberg News
Twenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report released Thursday.
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  1. So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.

  2. Owner occupied housing. Clear enough?

  3. So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.

  4. Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.

  5. RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.

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