ADVFN - Advanced Financial Network.
HOME» NYSE » I » ESI Stock Price » ESI Stock News

I T T Education Share News

 Itt Educational Services, Inc. Stock Price
ESI Stock Price
 Itt Educational Services, Inc. Stock Chart
ESI Stock Chart
 Itt Educational Services, Inc. Stock News
ESI Stock News
 Itt Educational Services, Inc. Company Information
ESI Company Information
 Itt Educational Services, Inc. Stock Trades
ESI Stock Trades

U.S. To Scrutinize For-Profit Career Colleges

By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The U.S. Department of Education on Friday will propose a measure to penalize for-profit career colleges for graduating students with high debt-to-income ratios. The proposal, which will undergo a 45-day comment period that is expected to include opposition from industry lobbyists, is an effort to ensure schools are training students for gainful employment in a recognized occupation. It comes at a time when for-profits are under new scrutiny as they capture a growing share of federal student aid dollars. "Some proprietary schools have profited and prospered but their students haven't," Secretary of Education Arne Duncan said. "While career colleges play a vital role in training our work force to be globally competitive, some of them are saddling students with debt they cannot afford in exchange for degrees and certificates they cannot use." Under the proposal, training programs would be judged on whether former students are repaying the principal on federal loans, and the relationship between total student loan debt and average earnings upon graduation. The recommendation sets up three tiers of eligibility, with those in the middle tier facing enrollment restrictions and debt-to-income disclosure requirements, and the weakest tier losing access to federal student aid for new students. According to the Education Department, if career colleges made no changes, 5% of all programs would no longer be eligible for federal aid and 55% would be required to warn students about high debt-to-income ratios. Many publicly traded schools derive close to 90% of their revenue from federal aid. The recommendation, known as a Notice of Proposed Rulemaking, has been a long time coming, with federal officials and industry representatives meeting for a year to discuss new higher education regulations. The government put forth its first proposal in late January and the stocks of for-profit colleges have soared and swooned since, propelled by rumors of how programs could gain exemption from the regulation. The Education Department said that this version is "thoughtful," with income calculations based on actual graduate earnings rather than Bureau of Labor Statistics figures. To give time for program improvement, the agency proposed that the 2012-2013 academic year be the earliest that programs could be found ineligible for federal aid. The Education Department had released 13 other proposals in June but said it needed more time for this one. "Some key issues around gainful employment are complicated and we want to get it right," Duncan said at the time. The earlier recommendations included proposals on incentive compensation for student recruiters, a clearer definition of a credit hour and a new metrics by which students must show academic progress in order to continue receiving federal aid. The colleges' programs include training for students to work in the culinary arts, as medical assistants, and in criminal justice. -By Melissa Korn, Dow Jones Newswires; 212-416-2271; melissa.korn@dowjones.com

Stock News for I T T Education (ESI)
DateTimeHeadline
03/24/201415:23:43U.S. Hot Stocks: Hot Stocks to Watch
12/30/201317:37:41U.S. Hot Stocks: Hertz Active in Late Trading
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/15/201307:07:30Two Sigma Investments 3Q 13F: Largest Eliminations
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Sales
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Purchases
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Eliminations -2-
01/24/201309:08:15U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
12/20/201220:22:12S&P: AbbVie to Replace Dell on S&P 100
06/08/201210:54:22McGraw-Hill Appoints Technology Vet to Lead Education Arm
06/09/201113:46:46Some Relief, But For-Profit Colleges Still Face Challenges
06/02/201109:48:46For-Profit Colleges Rally As Government Test Looks Easy
06/02/201100:31:23US Education Dept Softens Final Rule On Vocational Programs
04/28/201111:40:37Inspector General Investigating US Education Dept Over Rules...
04/12/201106:33:02US Congress Details Cuts In 2011 Budget Deal As Votes Nears
04/11/201117:41:30For-Profit Schools Say US Budget Deal Fails To Delay New Rules
02/02/201113:15:10For-Profit College Lobbying Group Sues Over GAO Report
01/25/201111:54:59US Education Department To Clarify Controversial Regulations
01/20/201108:19:45ITT Educational 4Q Profit Up 4.1%; New Student Enrollment Down

I T T Education and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad