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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; siobhan.hughes@dowjones.com

Stock News for I T T Education (ESI)
DateTimeHeadline
05/29/201515:28:00Statement from ITT Technical Institute to Senator Durbin
05/29/201510:05:54Current Report Filing (8-k)
05/29/201510:02:00ITT Educational Services, Inc. Announces The Filing Of Its 2014...
05/29/201509:12:42Annual Report (10-k)
05/27/201510:22:27Statement of Changes in Beneficial Ownership (4)
05/26/201512:58:00ESI Group : Mise à disposition du Document de Référence 2014
05/22/201513:02:00Statement from ITT Technical Institute: "Day in Court Long Overdue...
05/20/201517:21:00ITT Technical Institutes Seek Reinstatement by Veteran's Agency...
05/14/201516:44:21Current Report Filing (8-k)
05/14/201507:36:00Hynes Keller & Hernandez, LLC Announces Investigation of ITT...
05/13/201512:21:00ESI Group acquires PRESTO software
05/13/201512:21:00ESI Group fait l’acquisition du logiciel PRESTO
05/12/201517:02:37Statement of Changes in Beneficial Ownership (4)
05/12/201517:02:37Statement of Changes in Beneficial Ownership (4)
05/12/201517:00:24Statement of Changes in Beneficial Ownership (4)
05/12/201516:57:35Statement of Changes in Beneficial Ownership (4)
05/12/201516:44:06Notification That Quarterly Report Will Be Submitted Late (nt...
05/12/201512:37:00ITT/ESI Will Fight The SEC's Unfounded Charges
05/05/201517:18:53Amended Statement of Beneficial Ownership (sc 13d/a)
05/05/201513:06:00ESI Group réaffirme son éligibilité au PEA-PME

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