ESI may have to hold on to even more cash and consider making more cuts. This is just one of several lawsuits and investigations coming down the pike. "Investor Alert: Holzer & Holzer, LLC Announces Investigation into ITT Educational Services... — read more 

http://www.jconline.com/story/news/education/2014/08/10/woes-stack-carmel-based-itt-tech/13870817/

Excellent: stock opened this morning at $8.80 and Nicole Elam confirmed a few days ago that our leader, Kevin Modany, is leaving for personal reasons only--nothing connected to the current challenges. Things are looking up, people!

http://www.indystar.com/story/news/education/2014/08/09/woes-stack-carmel-based-itt-tech/13807225/..."The stock price in the Carmel-based parent of for-profit college ITT Technical Institute has plummeted 75 percent year-to-date. Within the past... — read more 

shares of any company typically under $5. In turn the institutional buyers will dump everything sucking this turd below a buck. Than the delisting process starts. Think this can't happen, look at Corinthian. It took a month for them to go out of... — read more 

I think that ITT is going to rebound from this. Their rep is not as bad as Corinthian and Everest. They have been around much longer so they have that going for them. As for now I think they are hitting the rough patch but will come out on the other... — read more 

Do I need to start looking for another job?

EOM

ITT Tech (ESI) is in major meltdown mode. Why no discussion?

"On July 30, 2014, ITT Educational Services, Inc. (the "Company") entered into a Fourth Amendment to Credit Agreement, Consent and Waiver (the "Fourth Amendment") with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent... — read more 

http://biz.yahoo.com/e/140801/esi8-k.html...ITT mortgaging properties.

Is anyone paying attention to what's happening in the southeast district Florida. The Tampa and St. Pete schools have essentially merged and the students in the St. Pete school well be reporting to the Tampa campus at the start of the September term... — read more 

Hello all, I work in admissions - I am trying to understand the issue with PEAKS loans, I was reading the financial report (10-Q from 2013) but I am not understanding much, the language is too convoluted. Would someone be able to summarize the issue... — read more 

Check out the chart in this article. ITT is the biggest loser, even worse than Corinthian Colleges. http://www.nytimes.com/2014/07/03/upshot/corinthian-colleges-is-closing-its-students-may-be-better-off-as-a-result.html?smid=tw-nytimes&_r=0

http://www.bloomberg.com/news/2014-07-07/corinthian-takedown-signals-tougher-education-agency-enforcement.html?cmpid=yhoo..."ITT Educational, based in Carmel, Indiana, is also facing stricter enforcement of Education Department rules, Tarkan said... — read more 

be below a dollar by months end. It only survives because of federal financial aid. Now that the spigot is being shutoff, they are done. There is nothing that is going to save this company. They will burn through all reserves fairly quickly. Updated... — read more 

This pos will fold within a month, this implosion will be funny.

Is anyone better able to explain the circumstances than I am? It looks like the stock closed at $16.36 (with 16.20 being the 52-week low). The company today filed documents indicating it still hasn't filed its corrected 2013 or Q1 2014 financials... — read more 

http://www.dailycensored.com/more-on-for-profit-college-sludge-and-richard-blum-who-funds-the-brookings-institute/...."One of the worst players in this whole sordid mess is Richard Blum. Blum is the husband of Senator Diane Feinstein, of California —... — read more 

If Richard Blum (Blum Capital and CA Board of Regents) and his wife CA Senator Dianne Feinstein get called out on their conflicting interests, other interests could follow out of... — read more 

The true tragedy is the students who are about to graduate, they now have to start all over. This sucks! The students all over the place were taken advantage of. They were mainly poor and uneducated. Now the staff from the college will feel their... — read more 

As a result of the Consolidation, the Company believes that it may not be in compliance with certain of its covenants at various dates under the Credit Agreement, dated as of March 21, 2012, as amended by the First Amendment thereto dated as of March... — read more 

Currently working for Corinthian, got an offer from ITT, what are your thoughts? Corinthian is melting down right now, I expect that we'll run out of cash very soon, long story short, I do not expect us to be able to pay payroll. On the other hand... — read more 

http://www.courthousenews.com/2014/06/02/68354.htm....Scathing Lawsuit Against ITT Colleges

"ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and warned of a fall in new enrollment after rising for three straight quarters, adding to the uncertainty surrounding the sector. The company lost a third... — read more 

My name is Michael Henderson; I attended ITT Tech in Knoxville, TN from 2008-2009 and was deployed from 2009-2010. Due to the large amount of debt I accrued from attending ITT tech have been barely making a living and have had my wages garnished due... — read more 

The Westminster Colorado campus had already laid off the Associate Dean and all department chairs last year. Now the other ax has fallen. All full time instructors were laid off as well as the Registrar. This leaves the Director, Dean, and of course... — read more 

KY AG Jack Conway talks about FPEs as "boiler room" operations.... http://www.bloomberg.com/video/kentucky-ag-conway-on-online-for-profit-colleges-_Pw039y6T6OtrD1HmjwQ6A.html?cmpid=yhoo

There was a big layoff today in Florida. I wonder is this going to be a trend.

I love how Camden Kid keeps posting as if he is going to get inside info from ITT Tech employees. For some reason the people in the company are drones even though they are treated worst than crap.

"The intriguing part of this story is that the the only reason the CFPB is there is because of the lending aspect of the story. In a nutshell, it alleges that ITT induced students with a temporary zero-interest credit to cover costs not covered by... — read more 

http://www.huffingtonpost.com/davidhalperin/feds-launch-online-compla_b_4695421.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications..."Federal agencies have this morning launched a new online complaint system where... — read more 

http://www.huffingtonpost.com/davidhalperin/state-attorneys-general-o_b_4677145.html?utm_source=Alert-blogger&utm_medium=email&utm_campaign=Email%2BNotifications....."The house of cards built by the worst-performing higher education sector --... — read more 

More bad news for ITT....http://www.nytimes.com/2014/01/19/business/inspecting-a-student-loan-spigot.html?smid=fb-share&_r=0