ITT Educational’s profit plunges, but tops analyst expectations
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.
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For-profit colleges face curbs on aid in new veterans bill
For-profit colleges like Carmel-based ITT Educational Services would be forced to rely less on federal money under a bill aimed at curbing the marketing of degrees to soldiers and veterans.
Turnaround company wants to launch feeder schools
Charter Schools USA, the Florida-based company tapped by the state government to turn around Howe and Manual high schools in Indianapolis, also wants to launch two charter elementary schools to help feed students into those schools.
ITT Educational’s enrollment, profit fall again
The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell 14.1 percent.
For-profit education firm denies lawsuit charges
Education Management Corp., which operates two schools in Indianapolis, has asked a judge to throw out a Department of Justice lawsuit that claims it used improper sales tactics to lure unqualified students and the billions of dollars in financial aid they bring.
U.S. student-loan default rates jump sharply
The 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.
ITT Educational continues enrollment, profit slide
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.
Strayer Education marks opening of Indianapolis campus
For-profit university Strayer Education Inc. has opened a campus in Indianapolis, aiming to reach adult learners. The Virginia-based company has leased 20,000 square feet at 9025 N. River Road.
ITT Educational’s stock price leaps as feds ease crackdown
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.
Enrollment, profit fall at ITT Educational
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.
ITT shares plunge on competitor’s enrollment woes
Shares of Carmel-based ITT Educational Services Inc. fell as much as 6.8 percent Tuesday morning after the largest player in its industry reported a 45-percent plunge in new-student enrollment.
New federal rules prompt ITT to change bonus-pay criteria
The Carmel-based for-profit educator still will pay its top executives bonuses, but they’ll no longer be tied to school enrollment, the company said Tuesday in a proxy filing.
Transition-to-teaching students find few jobs
An Indiana Department of Education report shows less than 40 percent of those who completed the transition-to-teaching programs in 2008-2009 were working in Indiana schools last year.
DeVry Inc. plans to open local nursing school
The for-profit school would lease 24,000 square feet at its Keystone Crossing campus and employ 55 people in its nursing program at an average wage of $28.85 an hour. DeVry is requesting property-tax abatement to offset investment costs.
Sallie Mae restructuring affects Indiana jobs
Student-loan giant lays off about 70 people in Fishers as part of national reshuffling.
Lending overhaul could be trouble for ITT
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.
ITT, other for-profit education firms face more oversight
Shares in ITT Educational Services Inc., based in Carmel, declined 13 percent Monday morning, to $56.02 each, after being downgraded
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.
Senator to probe spending at for-profit colleges
ITT Educational Services Inc., Apollo Group Inc.’s University of Phoenix, Career Education Corp. and other for-profit educators
are under increasing federal scrutiny over their recruitment practices and the level of student loan defaults.
Obama plans tougher rules on for-profit colleges
The administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing
to for-profit colleges such as locally-based ITT Educational.