Articles

Feds sue ITT Educational over loan practices

ITT Educational Services Inc. is being sued by the U.S. Consumer Financial Protection Bureau over allegations the for-profit college chain engaged in predatory lending by pushing students into loans likely to end in default.

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UIndy plans $50M in expansion projects

The bulk of the money, to be spent over five years, will go to a 134,000-square-foot health sciences center, which will provide training space for the university’s nursing, physical therapy and other health care students.

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ITT shares in freefall as student-loan losses mount

ITT Educational Services took it on the chin in the fourth quarter as big payments stemming from a 2009 student-loan arrangement forced an $11.6 million loss. Adding to the woes is another probe by the federal government.

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IPS taps Ferebee as district’s next superintendent

The IPS board has chosen Lewis Ferebee from North Carolina to replace Eugene White, who led IPS for nearly eight years. The 39-year-old Ferebee has been chief of staff in the Durham Public Schools district, roughly the same size as IPS.

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