May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and estimated a 4 percent fall in new student enrollments in the first quarter, sending its shares down as much as 17 percent.
When the Consumer Financial Protection Bureau sued ITT Education Thursday, there was one comment that should send shivers through the for-profit education industry.
Some of Thursday's midday movers:
Companies making headlines after the bell Monday.
ITT Educational Services has been parked at long-term lows, but now the bears are getting nervous.
CARMEL, Ind.-- ITT Educational Services Inc. said Thursday that its third-quarter net income fell 36 percent as enrollment fell amid stricter federal regulations that hold for-profit online schools more accountable for graduation rates and job placement.
When the University of Phoenix, the country's largest university, announced this week it's closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.
*Credit Suisse cuts ITT Educational Services Inc to underperform from.
The clock is ticking on tax rules that may change on January 1, 2013 and could impact the way parents contribute to a college education.
Mountain Home Career Academies High School has taken a big gamble over the last decade. It transformed itself from a traditional high school into one consisting of three academies--engineering, communications, and healthcare.
Take a look at some of Thursday's midday movers:
This is as bizarre as it gets: The Education Department today released so-called “Gainful Employment” data that ultimately determines whether the schools should qualify for aid. At least two companies have said the data is inaccurate — and (the bizarre part!) not in their favor.
The "Mad Money" host explains what makes him nervous about this group.
As their student enrollments in the United States continue to shrink, some for-profit schools are hoping to find growth opportunities in other countries.
If the U.S. debt limit is not increased by Congress, the troubled for-profit education industry would be among the first to take a hit.
For-profit schools are back in focus today after the Education Department’s release of 2008 three-year student default rates.
For-profit colleges may have unusually high student dropout and loan default rates, but their CEOS receive enormous compensation packages.
The Education Department is trying to crack down on high dropout and default rates at for-profit colleges and universities..
Netflix slips and gets bought out, the glow comes off of General Motors stock and investors shun Chinese IPOs.
If you're an investor in for-profit schools, note this heads-up: Profit margins are likely headed down—and not by a small amount.