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Student loans
Sallie Mae expects split to have 'limited' effect in Indiana
May 30, 2013
IBJ Staff and Bloomberg NewsThe student lender wants to separate its education loan management and consumer bank businesses into two publicly traded entities.
The firm is a major employer in Indiana, with more than 2,600 employees at offices in Indianapolis, Fishers and Muncie.
MoreIvy Tech to go after student debtors' tax refunds
February 3, 2013
Associated PressStudents who owe Ivy Tech Community College money will have their tax refunds diverted to cover the debt under a new policy
the statewide college system is implementing.
MoreAnalysts: ITT's woes are likely to worsen
January 12, 2013
J.K. WallInvestors have dumped the already-depressed shares of ITT Educational Services Inc. after the operator of for-profit colleges
shelled out $46 million for bad private student loans it had backed to help students pay the portion of its pricey tuition
that federal loans won’t cover. With fewer ITT graduates able to find jobs, the default rates on these loans has spiked.
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.
MoreNew student-loan effort adding to ITT backlash
August 11, 2012
Greg AndrewsFor-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative
deal with an outside party that would provide $100 million in loans to its students.
MoreStudent-loan debt-collection agencies garner criticism
May 15, 2012
Bloomberg NewsLucrative incentives paid to federal student-loan collectors are sparking criticism that not-for-profit loan-guaranty agencies
are reaping a bonanza from the troubles of former students. USA Funds, the largest guaranty agency, is based in Indianapolis.
MoreU.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.
MoreFundraising starts slowly for Indiana student loan program
August 13, 2011
Andrew SmithThe slow economy is hurting progress on an endowment that would help pro bono lawyers repay debt.
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.
MoreFor-profit colleges make costly loans, report says
February 2, 2011
Bloomberg NewsCompanies including ITT Educational Services Inc., DeVry Inc and Career Education Corp. are making loans with “high
costs” and “predatory terms,” the group said.
MoreUPDATE: ITT Educational profit gives shares a boost
January 20, 2011
IBJ Staff and Bloomberg NewsShares 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.
MoreITT Educational OKs bonuses to keep managers in place
December 27, 2010
IBJ StaffCarmel-based ITT Educational Services Inc.’s management team will get special cash bonuses if they remain with the company
until the end of June, ITT disclosed in a regulatory filing last week.
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.
MoreSallie Mae consolidation bringing 350 jobs to Indiana
October 29, 2010
IBJ Staff and Associated PressStudent-loan giant Sallie Mae will consolidate operations in Indiana as part of a company-wide restructuring, creating about
350 jobs at its existing facilities in Fishers and Muncie.
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.
MoreProposal: Link federal aid to performance of ITT, peers
July 23, 2010
Bloomberg NewsThe Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid,
threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services
is among those potentially affected.
MoreSallie Mae's job cuts spare Indiana, at least for now
April 28, 2010
IBJ Staff and Associated PressSallie Mae says a new law that cuts banks out of the federal student-loan business is costing 2,500 workers their jobs in
Florida and Texas, but the cuts won't hit Indiana in 2010.
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.
MoreApproval of college-aid overhaul to shake Sallie Mae
March 22, 2010
IBJ Staff and Associated PressThe legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job
losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.
MoreObama reforms not necessarily dire for Sallie Mae in Indiana
December 12, 2009
J.K. WallThe plan to nationalize the federal student loan program threatens to force Sallie Mae
to hack its network of 26 offices down to five. Yet the company's Indiana operations have several advantages that could
help weather the cuts.
MoreHICKS: As classes begin, students have fresh opportunity
August 24, 2009
Mike HicksClasses start this week at Ball State University, and other colleges and universities across the country. For many, it is
a bittersweet moment, as parents say goodbye to their now young adults, handing them over to professors and scarily youthful
resident hall assistants for safekeeping.
MoreSallie Mae rallies over jobs in Fishers
August 21, 2009
Scott OlsonSallie Mae CEO Al Lord visited the company's Fishers office this morning in his latest effort to get the word out that his
business and his employees' jobs are threatened by a government proposal.
MoreState law aims to attract doctors to areas in need of care
July 20, 2009
Scott OlsonA state law that went into effect July 1 attempts to attract young physicians and mental health practitioners to underserved
areas by forgiving part of their student loans. But Indiana’s budget woes prevented lawmakers from allocating funds
to support the program.
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.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.