The Carmel-based operator of for-profit colleges pulled in profits of $85.7 million, or $2.46 per share, up nearly 44 percent
from the same quarter a year ago.
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.
ITT Educational Services Inc., 13000 N. Meridian St., Carmel, 46032, www.ittesi.com, provides technology-oriented, post-secondary
education, including associate’s, bachelor’s and master’s degrees as well as non-degree programs.
The Carmel-based for-profit educator paid CEO Kevin M. Modany $7.6 million in total compensation last year, a 63-percent increase over 2008. And the rest of his management team all enjoyed pay increases of 45 percent or more.
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.
CEO 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.
An influx of students going back to school in sluggish economic times drove third-quarter profit 26 percent higher for ITT Educational Services Inc., the Carmel technical school operator reported today. Profit shot to $50.2 million, and enrollment of new students soared more than 19 percent from the same period last year. The $1.28 in earnings […]
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.
ITT Educational Services Inc. today reported fourth-quarter profit of $40.9 million, and $118.5 million for the year—up about 8 percent for both periods. During the year, the Carmel-based technical school operators opened 11 schools and said it plans to launch six to eight in 2007. Yesterday, ITT announced that Rene Champagne would resign as CEO […]
After rebounding from a federal criminal probe that uncovered no wrongdoing, ITT Educational Services Inc. is proceeding with an ambitious growth plan in hopes of building upon a bullish earnings run. The U.S. Attorney’s Office in Houston, which led the investigation into whether the Carmel-based private provider of postsecondary degree programs had falsified student records, acknowledged in June that it did not turn up evidence justifying the charges. “It was very, very disruptive and very distracting to the organization,” ITT…
A state filing indicates as much as $154 million could be invested in the Larue D. Carter Memorial Hospital property in coming years by Marian University and other entities.
The designation further cements the group’s role in roster development for the U.S. men’s and women’s teams in tackle and flag football starting with the 2028 Games, where flag will make its Olympic debut.
Before Monday’s vote, more than two hours of committee testimony was dominated by medical students and professors from Indiana University and other Hoosier colleges.
Advocates for Indiana’s high-ability students descended on the Indiana Statehouse on Monday to make their case for continued funding in the next state budget.
A key part of our student-success pillar is our commitment to ensuring graduates are ready for the 21st century, signaled by our new requirement for annual experiential learning opportunities like a common first-year seminar, a final-year capstone, internships, undergraduate research or study abroad.
Frank Emmert of the IU McKinney School of Law talks about how the legal and ethical questions that will arise from the increasing use of artificial intelligence could test current laws and courts’ ability to untangle the technology.
Students who used federal loans to attend Carmel-based ITT Technical Institute as far back as 2005 will automatically get that debt canceled after authorities found “widespread and pervasive misrepresentations” at the defunct for-profit college chain.
This is the fourth finding against Carmel-based ITT Tech that has led to the approval of debt relief claims by the department. All told, the evidence has resulted in about $660 million in discharges for roughly 23,000 students.
