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ITT Educational, rivals wrestle with tougher regulation

July 7, 2014

The U.S. Education Department has taken its toughest regulatory action ever against a for-profit college: putting Corinthian Colleges Inc., with more than 70,000 students, on the path to going out of business.

ITT Educational says access to student-loan funds in danger

July 2, 2014

Carmel-based ITT Educational Services Inc. said the U.S. Education Department may limit its access to student-loan funds because the company is unable to provide audited financial statements.

Feds sue ITT Educational over loan practices

February 26, 2014

ITT Educational Services Inc. is being sued by the U.S. Consumer Financial Protection Bureau over allegations the for-profit college chain engaged in predatory lending by pushing students into loans likely to end in default.

ITT Educational branches into charter schools

June 13, 2013

The for-profit educator won approval last month to start a charter school for 11th- and 12th-graders inside one of its ITT Technical Institutes in Indianapolis.

Sinking enrollment still a drag on ITT Educational

April 25, 2013

Profit 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.

PROXY CORNER: ITT Educational Services

March 28, 2013

Carmel-based ITT Educational Services Inc. provides technology-oriented, post-secondary education, including associate’s, bachelor’s and master’s degrees as well as non-degree programs.

ITT Educational Services accused of defrauding investors

March 12, 2013

ITT Educational Services Inc. has been sued by investors who accuse the for-profit college of making misstatements about its private student-loan program, which was the subject of a subpoena from U.S. regulators.

ITT Educational shares sink after SEC seeks loan documents

February 25, 2013

Shares 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.

Profit plummets at ITT Educational, but tops analyst expectations

April 26, 2012

First-quarter profit and revenue plunged at Carmel-based ITT Educational Services Inc. as enrollment of new students declined for the seventh straight quarter.

ITT Educational’s profit plunges, but tops analyst expectations

January 26, 2012

The 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.

ITT 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.

ITT Educational continues enrollment, profit slide

July 21, 2011

In 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.

ITT Educational’s stock price leaps as feds ease crackdown

June 2, 2011

The 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.

Analyst: Feds’ new rule may not sink ITT Educational, peers

May 25, 2011

Shares of for-profit education companies—including Carmel-based ITT Educational Services Inc.—ended higher on Tuesday as a William Blair analyst said a long-awaited federal "gainful employment" rule likely won't hurt vocational school chains as much as investors think.

Enrollment, profit fall at ITT Educational

April 21, 2011

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.

PROXY CORNER: ITT Educational Services Inc.

March 31, 2011

Carmel-based ITT Educational Services Inc. provides technology-oriented, post-secondary education, including associate’s, bachelor’s and master’s degrees as well as non-degree programs.

UPDATE: ITT Educational profit gives shares a boost

January 20, 2011

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.

ITT Educational OKs bonuses to keep managers in place

December 27, 2010

Carmel-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.

ITT Educational, for-profit peers reaped $521M from military

December 9, 2010

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.

ITT Educational Services fears recruitment rules

November 4, 2010

New recruiter compensation rules adopted by the U.S. Department of Education could be one more thing that slows or even reverses the torrid growth of Carmel-based ITT Educational Services Inc.

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