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.
The Carmel-based operator of for-profit colleges posted a 27.8-percent drop in earnings while new-student enrollment fell 14.1 percent.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Student-loan giant lays off about 70 people in Fishers as part of national reshuffling.
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.
Shares in ITT Educational Services Inc., based in Carmel, declined 13 percent Monday morning, to $56.02 each, after being downgraded
The Carmel-based operator of for-profit colleges saw its profit increase to $96 million in the second quarter, while enrollment
jumped 10 percent.
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.
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.
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 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.
