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 week, its CEO announced his resignation. A potential money-raising deal to sell a passel of its properties fell through.
And that’s not all.
ITT’s also being sued by the federal government over accusations of predatory lending. And its budgetary books are not in order, causing it to miss its 2013 full year and 2014 first quarter earnings results and a summer deadline for filing its annual financial report with federal regulators. That opens ITT to potential sanctions from the U.S. Department of Education, including a cut-off from its life-blood of federal student aid money."