Tag Archives: Career Education Corp.

The Dept. of Education Fires A Shot Across the Bow of the Higher Learning Commission (HLC)

December 17, 2009 – 4:33 pm

The education stocks are trading off today following the release of a memorandum from the Department of Education’s Office of Inspector General (OIG).   You can find the memorandum here.  Effectively the OIG has asked the Department of Education to review the status of the HLC and potentially “limit, suspend, or terminate HLC’s recognition by the [...]

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Performance of Sallie Mae’s “Non-Traditional” (aka for-profit) Loan Book Looks Frightening, A Few Thoughts on ESI’s Upcoming 2Q09 Earnings Release

July 22, 2009 – 1:11 pm

We wanted to highlight a few details from Sallie Mae’s earnings release last night and subsequent conference call that we think are important to followers of ITT Educational Services, Inc., Career Education Corp. and Corinthian Colleges, Inc. As we have discussed previously, we are closely watching the performance of Sallie Mae’s “non-traditional” [...]

By PAA Research | Posted in For-profit Education, Short Ideas | Also tagged , , , , , , | Comments (2)

Can the Income Based Repayment Plan Save ESI from A Tidal Wave of Student Loan Defaults?

July 5, 2009 – 1:30 pm

In our original post on ITT Educational Services, Inc., we argued that the company’s business model was structurally broken because it was no longer clear that students earned a positive return on their educational investment. After more than a decade of increasing tuition at an annual rate twice that of inflation, the affordability equation for [...]

By PAA Research | Posted in For-profit Education, Short Ideas | Also tagged , , , , , , , | Comments (1)