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For-Profit Schools Say US Budget Deal Fails To Delay New Rules

By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- An Obama administration effort to tighten federal financing for-profit education companies appears to have overcome a lobbying campaign, as congressional negotiators have decided against including language blocking the planned regulations in a budget deal, the group that represents such schools said Monday. Strayer Education Inc. (STRA) and ITT Educational Services Inc. (ESI) are among the companies affected by the decision. Negotiators are putting the finishing touches on the final budget package, which is expected to be unveiled later Monday or early Tuesday and is to be voted on this week in both chambers of Congress. "Today, the Senate missed an opportunity to protect two million nontraditional students nationwide and ensure that they can continue to access a full spectrum of higher education that includes private sector colleges and universities," Harris N. Miller, the president of the Association of Private Sector Colleges and Universities, said in a statement. He said that Congress should have supported "pushing the pause button on this rush to misguided regulation." A Republican spokesman said that the decision to omit language blocking the regulations couldn't be confirmed. Education Secretary Arne Duncan has advanced rules designed to prevent students from piling on student loans without finding employment in their fields. His proposal would make for-profit schools provide statistics showing that students are getting jobs that match up with their degrees. -By Siobhan Hughes; Dow Jones Newswires; (202) 862-6654;

Stock News for I T T Education (ESI)
08/30/201606:06:48Amended Statement of Beneficial Ownership (sc 13d/a)
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...

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