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Kentucky Attorney General Probing Six For-Profit Schools

By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The Kentucky Attorney General's office has launched an investigation into the business practices of six for-profit colleges operating in the state, issuing subpoenas to the schools earlier Wednesday. Allison Gardner Martin, the office's communications director, declined to release the names of the schools involved. She said they operate in Kentucky, aren't necessarily headquartered in Kentucky, and "may or may not be publicly traded." The Kentucky investigation is the second such probe of for-profit colleges in recent months, following one launched by the Florida Attorney General's office in October, and comes amid a series of U.S. Senate hearings questioning the educational merits of the schools. The Kentucky Attorney General subpoenaed data on six for-profit schools' student-loan default rates, as well as material used in advertising and recruiting, information about job placement, transferability of credits and accreditation, and details of how financial-aid funds are disbursed. "I want to make sure these institutions are as interested in educating their students as they are in collecting federal loan money," Attorney General Jack Conway said in a statement. His office "determined a closer look at the business practices of for-profit and proprietary colleges was warranted" after earlier this year conducting an investigation of Decker College and the American Justice School of Law. Neither of those schools, now defunct, was publicly traded. -By Melissa Korn, Dow Jones Newswires; 212-416-2271; melissa.korn@dowjones.com

Stock News for I T T Education (ESI)
DateTimeHeadline
08/26/201608:36:20Current Report Filing (8-k)
08/25/201615:50:00U.S. Government Cuts Off New Funding for ITT Technical Institute
08/18/201608:46:34Current Report Filing (8-k)
08/17/201616:39:39Current Report Filing (8-k)
08/09/201610:10:00ITT Educational Services, Inc. Receives Thousands of Employer...
08/09/201609:16:44Statement of Changes in Beneficial Ownership (4)
08/03/201612:00:00ESI Group : Assemblée Générale mixte du 21 juillet 2016
07/29/201616:29:51Statement of Changes in Beneficial Ownership (4)
07/29/201616:26:50Amended Statement of Beneficial Ownership (sc 13d/a)
07/29/201608:03:04Quarterly Report (10-q)
07/28/201607:37:52Current Report Filing (8-k)
07/28/201606:30:00ITT Educational Services, Inc. Reports 2016 Second Quarter Results
07/26/201610:10:00Most of the Nation's Drafting Graduates Attended ITT Technical...
07/20/201619:55:17Statement of Changes in Beneficial Ownership (4)
07/12/201616:32:01Current Report Filing (8-k)
07/07/201606:03:33Amended Statement of Beneficial Ownership (sc 13d/a)
07/05/201612:17:00ESI Group : Bilan semestriel du contrat de liquidité contracté a...
06/30/201611:45:00ESI Group : Assemblée Générale Mixte du 21 juillet 2016
06/23/201608:40:00ITT Technical Institute Students Submitted Testimonial Letters...
06/21/201608:00:00Most of the Nation's Electronics Technology Graduates Attended...

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