For-profit colleges make costly loans, report says
Companies including ITT Educational Services Inc., DeVry Inc and Career Education Corp. are making loans with “high costs” and “predatory terms,” the group said.
ITT Technical Institute
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UPDATE: ITT Educational profit gives shares a boost
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
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
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.
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.
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.
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.
New federal rules target for-profit college recruiting
The Obama administration proposed banning for-profit colleges, including Carmel-based ITT Educational Services Inc., from
tying recruiters’ pay to the number of people they enroll, saying high-pressure sales tactics induced students to take
out government loans they can’t afford.
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.
Education stocks rise as reports hint at looser rules
Shares of ITT Educational Services rose 9.6 percent Tuesday, their biggest gain in seven months.
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.