ITT Educational posts profit, raises forecast
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment
jumped 10 percent.
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment
jumped 10 percent.
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…
The new set of standards would evaluate child care centers around the state and be rolled out over three years starting in 2024.
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.
I have spent many hours covering court hearings and court decisions. Still, seeing a trial from the perspective of a juror opens an entirely different window into the process.
The Education Department announced Thursday it will forgive student debt for more than 100,000 borrowers who attended colleges in the now-defunct, Carmel-based ITT Technical Institute chain but left before graduating.
The U.S. Education Department said Wednesday it was erasing student debt for thousands of borrowers who attended the for-profit college chain, which closed in 2016. The chain’s parent, ITT Educational Services Inc., was based in Carmel.
Explore Interactive CEO Amanda Thompson said the partnership should accelerate the adoption of MindLabs products worldwide, “enabling us to nurture young learners everywhere.”
Overall, the nation’s nearly 200 dioceses and other Catholic institutions received at least $3 billion. That makes the Roman Catholic Church perhaps the biggest beneficiary of the Paycheck Protection Program