ITT Educational Services fears recruitment rules
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.
ITT Educational Services
ITT profit soars despite drop in new-student enrollment
ITT Educational Services Inc.’s third-quarter profit of $93.2 million handily beat the expectations of Wall Street analysts, but the company suffered its first decline in new-student enrollment since the recession began.
Investors brace for ITT’s plan to survive new regulations
The Carmel-based for-profit educator stands to suffer a bigger impact than its peers from new regulations proposed by the U.S. Department of Education, which have already forced the industry behemoth to slash its forecasts.
For-profit college stocks tumble on enrollment warning
Investors fled for-profit college stocks Thursday after sector bellwether Apollo Group Inc. predicted a 40-percent drop in student enrollment next quarter and withdrew its forecast for next year. Carmel-based ITT Educational Services shares closed at $56.44 each, down almost 15 percent for the day.
As Sardar Biglari stirs controversy, Steak n Shake hums along
Sardar Biglari has a penchant for self-promotion. But he's also making a good case for his management skills.
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
Proposal: Link federal aid to performance of ITT, peers
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.
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: For-profit colleges require tougher oversight
For-profit colleges like ITT Technical Institutes need tougher oversight and regulation, according to a report from a Democratic
Senate committee chairman that questions the industry’s advertising spending, tuition costs and reliance on taxpayer
money.
Slow economy bruises profits of Indiana’s largest public companies
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
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.
ITT Educational posts first-quarter profit, raises forecast
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.
ITT Educational altered test scores, ex-employee’s suit says
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.
Proxy Corner: ITT Educational Services Inc.
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.
ITT ‘buying accreditation’ strategy makes critics uneasy
ITT Educational Services and other for-profit educators are buying not-for-profit colleges to gain access to their regional
accreditation. The tactic could fuel rapid growth but makes critics uncomfortable.
ITT Educational awards top managers substantial raises
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’s quarterly profit, revenue climb
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.
ITT stock swoons despite higher profits, enrollment
Investors dumped shares of ITT Educational Services Inc. on Thursday morning as the company remained mute on its year-end
profit forecast while announcing that its bad-debt expenses were rising faster than revenue.