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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
05/26/201612:30:00ESI Group: Revenue for the 1st quarter of 2016 up 13.7%
05/26/201612:30:00ESI Group : Chiffre d’affaires du 1er trimestre 2016 : +13,7%
05/25/201607:45:00ITT Technical Institute Freezes Tuition for Sixth Straight Year
05/24/201616:46:32Statement of Changes in Beneficial Ownership (4)
05/23/201612:27:00ESI Group : Mise à disposition du Document de Référence 2015
05/18/201617:02:05Current Report Filing (8-k)
05/18/201612:27:00ESI Connects Virtual Prototyping with Product Operational Performance
05/18/201612:27:00ESI Connecte le Prototypage Virtuel avec la Performance Opérationnelle...
05/16/201613:50:36Statement of Beneficial Ownership (sc 13d)
05/11/201615:12:17Statement of Changes in Beneficial Ownership (4)
05/11/201615:11:23Statement of Changes in Beneficial Ownership (4)
05/11/201615:10:57Statement of Changes in Beneficial Ownership (4)
05/11/201615:10:04Statement of Changes in Beneficial Ownership (4)
05/11/201615:09:38Statement of Changes in Beneficial Ownership (4)
05/11/201615:08:46Statement of Changes in Beneficial Ownership (4)
05/03/201617:11:51Statement of Changes in Beneficial Ownership (4)
05/03/201617:11:01Statement of Changes in Beneficial Ownership (4)
05/03/201617:11:01Statement of Changes in Beneficial Ownership (4)
05/03/201617:09:40Statement of Changes in Beneficial Ownership (4)
05/03/201617:08:22Statement of Changes in Beneficial Ownership (4)

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