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June 9, 2014
14:21 EDTFMD, LOPE, STRA, APEI, SLM, APOL, COCO, CECO, NNI, BPI, ESI, DVObama to seek to ease student debt burden for nearly 5M borrowers
President Obama will sign a new Presidential Memorandum today directing the Secretary of Education to propose regulations that would allow nearly 5M additional federal direct student loan borrowers the opportunity to cap their student loan payments at 10% of their income, the White House stated. The Presidential Memorandum also outlines a series of new executive actions aimed to support federal student loan borrowers, especially for vulnerable borrowers who may be at greater risk of defaulting on their loans, it added. Companies that lend to students include First Marblehead (FMD), Nelnet (NNI), and SLM Corp (SLM). Publicly traded for-profit education companies include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon Education (LOPE), ITT Educational (ESI) and Strayer (STRA).Reference Link
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November 20, 2014
09:06 EDTCOCOCorinthian Colleges to sell 56 Everest ,WyoTech Campuses
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November 19, 2014
07:48 EDTCOCOCorinthian Colleges not in compliance with Nasdaq listing requirements
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November 12, 2014
17:06 EDTCOCOCorinthian Colleges delays filing 10-Q
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12:41 EDTSTRA, ESI, COCO, CECO, BPI, DV, APEI, APOL, LOPEFor-profit education stocks look appealing, analyst says
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08:19 EDTDV, LOPE, APOL, APEIJPMorgan to hold a conference
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07:22 EDTSTRA, LOPE, ESI, DV, APOL, BPI, CECO, APEIPiper says time to increase exposure to Education sector
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November 11, 2014
15:01 EDTDVDeVry announces death of board chair Connie Curran
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07:29 EDTLOPEGrand Canyon has many potential buyers, says Wells Fargo
Wells Fargo believes that weak Christian schools looking for momentum could buy Grand Canyon, while strong Christian schools could buy the company as a means of expanding to the West Coast. Struggling NFP student loan guarantee agencies could also look to buy the company, according to Wells, which keeps an Outperform rating on the shares.
November 10, 2014
16:18 EDTFMDFirst Marblehead reports Q1 EPS (92c), consensus (72c)
Reports Q1 revenue $14.1M, consensus $13.31M.
15:53 EDTFMDCredit Suisse to hold a conference
Healthcare Conference is being held in Scottsdale, Arizona on November 10-13 with webcasted company presentations to begin on November 11 at 10:30 am; not all company presentations may be webcasted. Webcast Link
09:09 EDTNNI, FMDFirst Marblehead, Firstmark Services form strategic partnership
The First Marblehead Corporation (FMD) and Firstmark Services, a Nelnet (NNI) company, have formed a strategic partnership pursuant to which Firstmark Services will provide certain private student loan origination services for the Monogram-based loan programs offered by First Marblehead's lender clients. First Marblehead will continue to perform all of the quantitative and analytical related activities for all of the Monogram-based loan programs, such as product design, credit decisioning, pricing and portfolio management functions. Firstmark Services will perform application intake, call center services, the majority of loan processing services and certain program support functions. Daniel Meyers, First Marblehead's Chairman and CEO, said, "[We] believe that this will make our operating budget materially more efficient, shifting costs from fixed to variable, and in the first full operating year we expect that our overall financial results will improve by $3M-4M dollars." First Marblehead expects that the transition of loan processing functions to Firstmark Services will be completed during the third quarter of fiscal 2015.
07:08 EDTSLMCredit Suisse to hold a conference
2014 Boston Financials 1:1 Conference to be held in Boston on November 10-11.

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