Student loans

Sallie Mae restructuring affects Indiana jobs

December 8, 2010
Kathleen McLaughlin
Student-loan giant lays off about 70 people in Fishers as part of national reshuffling.
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Sallie Mae consolidation bringing 350 jobs to Indiana

October 29, 2010
 IBJ Staff and Associated Press
Student-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.
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Lending overhaul could be trouble for ITT

August 21, 2010
J.K. Wall
New 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.
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Proposal: Link federal aid to performance of ITT, peers

July 23, 2010
Bloomberg News
The 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.
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Sallie Mae's job cuts spare Indiana, at least for now

April 28, 2010
 IBJ Staff and Associated Press
Sallie 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.
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ITT Educational altered test scores, ex-employee's suit says

April 21, 2010
Bloomberg News
Former 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.
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Approval of college-aid overhaul to shake Sallie Mae

March 22, 2010
 IBJ Staff and Associated Press
The 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.
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Obama reforms not necessarily dire for Sallie Mae in IndianaRestricted Content

December 12, 2009
J.K. Wall
The 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.
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HICKS: As classes begin, students have fresh opportunity

August 24, 2009
Mike Hicks
Classes 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.
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Sallie Mae rallies over jobs in Fishers

August 21, 2009
Scott Olson
Sallie 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.
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State law aims to attract doctors to areas in need of careRestricted Content

July 20, 2009
Scott Olson
A 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.
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Credit-market turmoil casts uncertainty over ITT Educational ServicesRestricted Content

March 24, 2008
Tracy Donhardt
ITT 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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