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ITT Hid Student Loan Defaults From Investors, SEC Says

By Cara Salvatore (May 12, 2015, 4:36 PM EDT) -- The U.S. Securities and Exchange Commission charged ITT Educational Services Inc. with fraud Tuesday, saying the for-profit educator hid from investors the fact that two major student-loan programs had "abysmal" payback rates and that the company owed far more money to backstop the loans than it was letting on....

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