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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
02/05/201616:29:01Statement of Changes in Beneficial Ownership (4)
02/05/201616:28:10Statement of Changes in Beneficial Ownership (4)
02/05/201616:27:47Statement of Changes in Beneficial Ownership (4)
02/02/201616:22:28Current Report Filing (8-k)
01/29/201616:24:07Current Report Filing (8-k)
01/22/201616:22:35Current Report Filing (8-k)
01/21/201607:31:33Current Report Filing (8-k)
01/20/201608:00:00ITT Technical Institutes: 2015 By The Numbers
01/15/201612:18:00ESI Group : Bilan annuel du contrat de liquidité contracté av...
01/08/201616:31:55Amended Statement of Ownership (sc 13g/a)
01/06/201614:14:00ESI Group: Acquisition of ITI GmbH, a Global Leader in the Realistic...
01/06/201614:14:00ESI Group: Acquisition de la société ITI GmbH, un leader mondial d...
12/31/201516:36:21Current Report Filing (8-k)
12/29/201516:51:16Current Report Filing (8-k)
12/22/201513:00:00ESI Group: 2016 Financial communication agenda
12/22/201513:00:00ESI Group : Calendrier de communication financière 2016
12/14/201507:59:00The Law Firm of Cohen Milstein Sellers & Toll PLLC Announces...
12/01/201508:00:00ITT Technical Institutes Recognized for Excellence in Student...
11/26/201513:28:00Sales for the 3rd quarter of 2015 up 10.3%
11/26/201513:28:00Chiffre d’affaires du 3ème trimestre 2015 : +10,3%

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